FORNEBU, Norway – Aker Solutions and Kvaerner have completed their merger.
The new company, known as Aker Solutions, has a track record that includes concrete technology for offshore platforms, and floating platforms and subsea systems for operations in conventional to ultra-deepwaters.
Internationally, the company has the capability to deliver the full scope of oil and gas projects, including engineering, project management, fabrication, and installation.
In recent years, Aker Solutions and Kvaerner also branched into carbon capture, offshore wind power, hydrogen production and other renewable markets.
It was the main contractor for delivering the carbon capture technology test center at Mongstad, Norway, and it is currently working on Equinor’s Hywind Tampen development, providing floating offshore wind power to the Snorre and Gullfaks platforms.
In addition, it is expanding its electrification, maintenance and modifications business to projects to reduce carbon emissions from existing plants and offshore installations.
“Our strategy as a supplier is to enable our customers and the society to accelerate the transition to sustainable energy production,” said Aker Solutions CEO Kjetel Digre.
The combined company had revenues of around NOK38 billion ($4.2 billion) in 2019 and will employ roughly 15,000 people in more than 20 countries.