Aker is founded
Akers Mekaniske Verksted is founded by commander Peter Severin Steenstrup at Fossveien by Akerselva in Oslo.
(Photo: The house where the company was founded is still standing by the Akerselva river in Oslo.)
Kværner is founded
Kvaerner Brug is founded by Oluf Onsum in Lodalen, Oslo.
(Photo: Kværner brug 1870, Ole Tobias Olsen, Oslo Museum)
Akers Mek moves
Akers Mekaniske Verksted moves to Holmen, Pipervika (today: Aker Brygge) by the Oslo Fjord and starts focusing on shipbuilding..
Aker’s first ship
1856 the steamship «Færdesmanden» sets out on lake Mjøsa. It is the first steamship built in Norway.
Kvaerner’s first turbine
Kvaerner delivers it’s first hydroelectric turbine, and establishes itself shortly after as a special workshop for turbines. At this time turbines are used to run machinery with hydroelectric power, and are important for emerging factory operations.
A driving force
Thomas Fredrik Olsen becomes the main owner of Aker Mekaniske Verksted, and a driving force in the further development of the company. The Olsen family remains in control until 1985.
Kværner utvider turbinproduksjonen
Kvaerner buys 85% of Myrens Verksted, their toughest competitor. Turbine production is moved to Lodalen. Production of grinding machines and equipment for the woodworking industry is concentrated at “Myra” and is further developed there. The seeds of Kvaerner Group are sown.
(Photo: Myrens verksted ca 1925-1930. Inger Munch, Oslo Museum)
The number of men in work depended on the order books. In June 1929, Akers Mekaniske Verksted has 1,485 employees.
(Photo: Anders Beer Wilse, Oslo Museum)
Aker-gruppen samler selskapene
Sammen med flere andre virksomheter samles Akers Mekaniske Verksted til Aker-gruppen. Akers Mekaniske Verksted fungerer som holdingselskap for selskapene i Aker-gruppen.
German occupation 1940-1945
During the second world war, Nazi troops partly occupies Aker's shipyard and use it for storage, loading and unloading of transport ships. Several sabotage actions are made. The most known sabotage at Akers Mek is carried out by the so-called Pelle group where six German ships sinks on 23 November 1944. The members of the Pelle group are employees at Akers Mek.
Photo: Akers mek, Sept 1942. Ferdinand Lorentz Prall Elster, Oslo Museum
Full order books
After the Second World War order books fill up quickly, since the ships battered in the war are in dire need of repair.
Working with a giant
Kvaerner Brug enters into a cooperation agreement with the industrial giant General Electric. The agreement entails construction of ship propultion steam turbines. In 1970 a new agreement is signed regarding the construction of gas turbines to be installed on platforms and used for power generation.
The first gas ship
Kvaerner Brug acquires Moss Verft, giving birth to Kvaerner’s shipbuilding operations. The first gas ship “Havgas” A/S is built here, meant for transport of LPG (Liquefied propane gas). The first control cables for subsea installations are also developed here, an area that will become very important to Aker Solutions in the near future.
The oil adventure begins
The first drilling rig "Ocean Traveler", drills for oil in Norway. Although no oil or gas is found in the first well, tests show that the geological sediment layer looks promising. The same year, eight Kvaerner employees establish “Kvaerner Engineering”, a company that will be essential when the Norwegian oil adventure takes off.
Aker enters the oil industry
Aker Drilling Company Lt. is established, with the intention of drilling for oil internationally and on the Norwegian continental shelf. In 1967, Aker Drilling Company together with American and British partners, refit and reconstruct the whaling factory ship “Thorshøvdi” into an oil drilling ship, naming it “Drillship.
Kvaerner on the offensive
Kvaerner’s subsidiary companies are gathered into a holding company called Kvaerner Industries. Kvaerner is now ready and able to pursue interests on a global scale, both offshore and in regards to hydropower plant equipment.
The first Norwegian oil field
Aker Mekaniske Verksted builds the floating drilling platform “Ocean Viking” in 1967. In 1969 “Ocean Viking” finds Ekofisk, the first economically viable oil field on the Norwegian continental shelf. This turns out to be one of the biggest fields ever found offshore. Production commence at Ekofisk in 1971.
Famous spherical design
Moss Verft is too small to cope with the increasing number of large gas ships awaiting construction, so Kvaerner acquires Rosenberg yard in Stavanger. Here they build the newly developed spherical tanks for transportation of natural gas. In 1973 the first LNG (Liquefied natural gas) ship is delivered, named “Norman Lady”. The spherical tank design is highly recognized worldwide.
(Foto: Kuletanker, Höegh LNG)
Specialised workshop for the oil industry
Aker Mekaniske Verksted is established in Verdal. Aker and Norway has its first specialised workshop for the oil industry.
The world’s first offshore concrete structure
Norway is known worldwide for its concrete platform concept. It starts with the construction of the Ekofisk tank, delivered in 1973, a tank that can hold 1 million liters of crude oil.
A story of success
Aker H-3 is one of the biggest success stories in the field of floating platforms. A total of 37 Aker H-3 platforms are produced. Even now, almost 40 years later, most of them are still in use.
A step into the oil industry
By setting up a steel construction workshop in Egersund, Kvaerner takes another important step into the oil industry.
The world’s first Condeep platform
The Ekofisk tank earns the method of using concrete both recognition and world renown. Work on the first Condeep platform, Beryl A, begins in 1973. Aker is responsible for building and equipping the platform deck, and the platform is delivered in 1975.
Research and development
Kvaerner sets up a separate research & development department, leading to major advances in subsea technology. One of the inventions from this department is the “Clamp Connector”, which makes diverless coupling on seabed installations possible. The Clamp Connector is produced and used worldwide.
Aker acquires contractor Astrup Høyer in 1986, increasing their capacity to manage large construction projects at sea and on land. In 1988 Aker buys all the shares in Norwegian Contractors and becomes world leading on concrete platforms.
Cement and construction
Aker merges with Norcem, a Norway-based international cement and construction materials group that also had significant offshore-industry activities. The business area was later spun off into a seperate company, and sold in 1999.
The world’s largest
In 1991 Aker begins the construction of what will become the tallest man-made structure ever moved after completion. The platform is named Troll A and sits 472 meters tall, weighing a staggering 656 000 tons when it’s towed to the Troll oil field in The Northern Sea, spring 1995.
The large concrete substructurefor Sleipner A sinks in Gandsfjordet outside Stavanger, Norway during a test testing before tow to the field. No one was injured in the accident. For several years, there was an uncertainty how much
penalties Aker might have to pay.
Photo: Norwegian oil museum
Odin’s days are over
Odin is the first North Sea oil platform that is taken out of service. Aker Solutions takes care of the removal process. This type of work is important for Aker Solutions, because the general rule is to remove any platform that is no longer in service.
Røkke at the helm
Entrepreneur and industrialist Kjell Inge Røkke becomes Aker’s main shareholder and a driving force in the company’s development when RGI purchases enough Aker shares to become Aker’s largest shareholder; the two companies subsequently merges.
The merger between RGI and Aker is completed. Aker gains an important position within fisheries, and aquires the long-established fishery business J.M. Johansen with roots back to 1876. Real estate and shipyards is also part of the new company portfolio.
Gathering oil and gas expertise
In 2000, Aker acquired a significant shareholding in the Kværner industrial group through its Aker Maritime subsidiary. This marked the start of a restructuring of Norway’s offshore oil and gas supplier industry, and Aker was at the helm.
Kvaerner experiences a liquidity crisis
In the fall of 2001, Kværner experiences an acute liquidity crisis. A comprehensive rescue effort in the winter of 2001–2002 — in which Aker and other Kværner shareholders, customers, creditors, and employees all plays important roles — enables Kværner to survive, with Aker as its largest shareholder.
From Aker and Kvaerner to Aker Kværner
In 2002 Aker and Kvaerner merge. The new company is named Aker Kvaerner, soon to become Aker Solutions. The company is listed on the Oslo Stock Exchange.
Reorganization of fisheries activities
Aker’s fisheries activities are reorganized under Aker Seafoods. The company is listed on the Oslo Stock Exchange in 2005.
Aker Yards is etablished
Aker and Kværner’s shipyards were merged into Aker Yards — Europe’s largest shipyard group — and exchange-listed.
Aker is listed
After being a privately owned company since year 2000, Aker is relisted on the Oslo Stock Exchange in the fall of 2004, following a series of transactions.
Aker's commercial "Nøtteknekker" (nutcracker) becomes a success and wins Gullfisken, a Norwegian award for the year's best commercial.
Following the large, complex transactions in 2004, several companies are established in the years 2005-2007: Aker Drilling, Aker BioMarine, Aker Floating Production, Aker Exploration, Aker Oilfield Services, and Aker Clean Carbon.
Aker Drilling is established
Aker Drilling is established as a Norwegian rig operater and is listed on the Oslo Stock Exchange in December 2005. The company places newbuilding contracts with Aker Solutions for Aker Spitsbergen and Aker Barents. Aker Drilling is sold to Transocean in 2011.
Aker BioMarine is established
Aker BioMarine ASA is established as a combination of Aker’s krill operations and fishing operations in Argentina and Faeroe Island. The company’s core business is harvesting, production, sales and marketing of krill based products. The company is listed on the Oslo Stock Exchange in 2007.
Initiative to reduce CO2 emissions
Aker Clean Carbon is established by Aker and Aker Solutions as a vehicle to accelerate and commercialise Aker’s efforts to develop technology that can capture and store CO2. In 2011, Aker Clean Carbon becomes a wholly-owned subsidiary of Aker Solutions.
New name, new opportunities
Aker Kvaerner changes its name to Aker Solutions.
Aker lager en ny versjon av den prisbelønnede reklamefilmen "Nøtteknekker" med "Nøtteliten". Filmen illustrerer hvordan Aker knekker nøtter innenfor CO2-fangst og bærekraftig fiskeriutvikling.
The world’s first offshore gas terminal
Aker Solutions delivers the world’s first offshore LNG receiving terminal. A terminal that covers 10% of Italy’s gas demand.
Extreme drilling rigs
Aker Solutions delivers two H-6e drilling rigs to Aker Drilling, ”Aker Barents” and ”Aker Spitsbergen”. These rigs are 6th generation semi-submersible platforms, and the largest drilling units in the world, built to perform under extreme arctic temperatures. Naturally, the letter ”e” in H-6e stands for ”extreme”.
Photo: Aker Spitsbergen
Merger between Aker Exploration and Det norske
Aker Exploration and Det norske decide to merge at the shareholders’ meetings of the two companies. Aker becomes the largest owner in the newly merged oil company.
An industrial investment company
Aker is streamlined as an industrial investment company to participate actively in structural processes and the execution of industrial transactions, mergers, and acquisitions. Going forward, Aker will be organized so that its resources are concentrated on fewer and larger engagements.
Made by Norway
Aker lanserer reklamefilmen "Made by Norway" med diktet ”Nordmannen” av Ivar Aasen. Filmen er et industripolitisk innspill i høstens valgkamp.
The world’s first subsea gas compression system
Aker Solutions wins the contract to build the world’s first subsea gas compression system at the Åsgard field.
Aker Solutions' sharpens its profile
Major restructuring is carried out. Aker Solutions is now purely a supplier to the oil and gas industry.
Investing in real estate
Aker ASA enters into an agreement to acquire 90 000 sqm of land plot for development at Fornebu outside Oslo for a total consideration of NOK 780 million. The area acquired is generally referred to as “Fornebu Porten”. Aker plans to develop the area in a holistic way.
The new Kvaerner
Kvaerner is established as a “new” company subsequent to the spin-off of Aker Solutions’ EPC business. Kvaerner specialises in engineering services, procurement and construction, with platforms as their field of expertise. Kværner ASA is listed on the Oslo Stock Exchange on 8 July 2011.
Det norske is part of the year's largest oil find worldwide
2011 is one of the best years for petroleum exploration in Norway and Det norske is a partner in the Aldous/Avaldsnes (Johan Sverdrup) in the North Sea, the year’s largest oil find worldwide.
Foto: Anette Westgard, Statoil
Restrucuring fishery activities
Aker Seafoods is restructured into two separate companies; Aker Seafoods ASA is now a soley harvesting company, while the processing and sales unit is transferred to Norway Seafoods Group AS.
Akers skipseiende selskaper samles
Aker's ship-owning companies are reorganized through the newly established Ocean Yield. The new company is part of Aker's industrial portfolio. Ocean Yield owns vessels operating under long-term bareboat charters with sound contractual counterparties. Going forward, this reorganization may provide stable cash flow for Aker.
Aker Solutions splits in two
One company keeps the Aker Solutions name and focuses on the subsea business and field design, and the other company, Akastor, is an oil-services investment firm. Both companies are listed in September 2014.
Det norske expands
Det norske oljeselskap announces the acquisition of Marathon Oil Norway. The acquisition was closed on October 15, 2014.
Aker ASA flytter til nye lokaler i Fornebuporten
Aker's 175 year anniversary
Aker's 175 years of history in 175 seconds.
Aker sells its shares in Havfisk and Norway Seafoods to Lerøy
The Norwegian Ministry of Trade, Industry and Fisheries approves Lerøy's acquisition in August 2016.
Aker BP acquires Hess Norge
Aker BP has entered into an agreement to acquire Hess Norway. The transaction includes Hess Norway's 64.05 per cent share of the Valhall field, its 62.5 per cent share of the Hod field and a tax loss carry forward with an after-tax value of USD 1.5 billion (as booked in Hess Norway's 2016 annual accounts). The total cash consideration of the transaction is USD 2.0 billion.
Kjell Inge Røkke and Aker launches a foundation named VI (English WE).
The aim of the foundation is to turn the foundation VI into a knowledge and resource centre providing information and knowledge about opportunities and rights for people with disabilities. Aker ASA, Aker-owned companies and Kjell Inge Røkke’s private company TRG have committed to a contribution of NOK 125 million over the next five years.