Aker Solutions ASA history, company profile (overview) and corporate video
Aker Solutions ASA is an engineering company headquartered in Fornebu, Norway.
Aker Solutions’ history can be traced back to 1841 when Aker established a small mechanical workshop on the banks of the Aker river in Oslo, Norway. Initially, the main activities included shipbuilding, manufacturing components for machinery and equipment for clients in the iron and non-ferrous metals industries and shipping.
Shortly after, in 1853, Kvaerner Brug was founded nearby, and in the following decades, the two companies expanded in accordance with the industrialization of Norway and northern Europe.
In the 1960s, the oil companies discovered oil and gas in the North Sea, and Aker shifted focus and soon became a pioneer in the development of this region.
In 2002, Aker Maritime merged with Kvaerner to create Aker Kvaerner, a company with activities in oil & gas, engineering & construction, pulp & paper and shipbuilding, and with Aker ASA as a leading shareholder.
By 2007, the company divested its pulp and paper and shipbuilding businesses and concentrated on the oil and gas business, as well as providing process & construction for the downstream, chemicals and mining industries.
In 2008, Aker Kvaerner was renamed Aker Solutions.
In 2011, the company divested the process & construction business, and the EPC contracting business was separated from Aker Solutions and listed on the Oslo Stock Exchange as Kværner ASA, bringing back the historical name.
Aker Solutions operates through the following business sectors:
- Front-End Studies and Engineering Services;
- Renewable Energy Solutions;
- Low-Carbon Oil and Gas Solutions;
- Fixed and Floating Solutions;
- Subsea Production Systems and Lifecycle Services;
- Maintenance, Modifications and Decommissioning.
With more than 13,000 employees, Aker Solutions ASA is considered one of the world’s largest providers of oilfield products, systems, and services. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and Akersolutions.com
**Video published on YouTube by “akersolutions“