Aker Solutions ASA, an engineering company based in Oslo, provides the products, systems and services required to unlock energy from sources such as oil, gas and offshore wind.
The company, founded in 1841, was known as Aker Kværner until 2008.
Aker Kværner (OSE: AKVER) was founded in 2004 from the major restructuring of a complex “Aker Kværner” business unit, formed originally in 2002 by the merger of Aker Maritime and Kværner Oil & Gas. On 3 April 2008, Aker Kværner was renamed Aker Solutions, partly due to the difficulty that most non-Scandinavians found in pronouncing “Kværner”.
In 2007, the company was identified by Amnesty International as an accessory to torture and other human rights abuses for its collaboration in constructing and maintaining the US detention camp at Guantanamo Bay.
Aker Kværner first broke ground at the site in 1993 and continued contract work with the US Department of Defense until 2006.
The company was majority controlled by Aker ASA until 2007. Then, via a major ownership restructuring on 22 June 2007, Aker ASA completely gave up its holding in Aker Solutions, and transferred a 40% stake to Aker Holding, which in turn was owned by Aker ASA (60%), the Norwegian Ministry of Trade and Industry (30%), SAAB (7.5%) and Investor AB (2.5%).
Traded as: OSE: AKSO
Industry: Oilfield services Subsea (technology) Engineering
Predecessor: Aker Mechanical Workshop (1841)
Founded:
- Aker Solutions (2008)
- Aker Kværner (2004)
- Kværner Brug (1853)
- Aker Mechanical Workshop (1841)
Headquarters: Fornebu, Norway
Parent: Aker ASA
Website: www.akersolutions.com