OSLO, NORWAY: Aker Solutions has agreed to acquire Unitech Power Systems, a leading electrical power systems consultant. The all-cash transaction is expected to be completed during the first quarter of 2022, at an undisclosed value.
The acquisition is an important step towards Aker Solutions creating an engineering consultancy business driving the energy transition.
Kjetel Digre, Chief Executive Officer of Aker Solutions, said the energy transition would unlock large investments across multiple industries”.
The acquisition will significantly enhance Aker Solutions’ capabilities related to high-voltage electrical power systems. By leveraging Unitech Power Systems’ strong expertise and track record with Aker Solutions’ existing front end, engineering and project management capabilities, the acquisition will drive growth in markets supported by the energy transition.
“Aker Solutions has capabilities and solutions that are transferable into new offerings and markets. We are excited to announce that we are enhancing our engineering offering into consultancy services. This acquisition is the first building block in creating a leading engineering consultancy business,” said Kjetel Digre, chief executive officer of Aker Solutions.
Marte Mogstad, Executive Vice President and Head of Aker Solutions’ Engineering Business, said the strong expertise and solid track record of Unitech Power Systems’ highly skilled employees would complement and strengthen competences and capabilities of Aker Solutions.
“Unitech Power Systems will be an important partner for our engineering business and EPC projects, and we will jointly work to develop consultancy services across emerging energy value chains”.
Inge Bent Kindem, Managing Director of Unitech Power Systems said, “We are confident that our unique capabilities and well-established market position will bring key contributions to Aker Solutions’ growth strategy in the years to come.”
Aker Solutions delivers integrated solutions, products and services to the global energy industry. Aker Solutions employs approximately 15,000 people in more than 20 countries.
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