Aker sells process, construction business to Jacobs

Aker Solutions has sold principal operations within its process and construction business area to Jacobs Engineering Group Inc. (Jacobs).

Offshore staff

STAVANGER, Norway -- Aker Solutions has sold principal operations within its process and construction business area to Jacobs Engineering Group Inc. (Jacobs). The transaction does not include the US EPC center in Houston or the Union Construction in the US and Canada, which will all be part of the new Aker Contractors company. Aker Solutions retains Aker Projects (Shanghai) Co. until such time as the requisite regulatory clearances in China have been obtained.

With the sale of these businesses to Jacobs and the transfer of the Union Construction and EPC Center US operations to the new Aker Contractors company, Aker Solutions' P&C business area has now been dissolved.
02/01/2011

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