Offshore staff
FORNEBU, Norway – Aker Solutions will absorb all assets, rights and obligations held by Kvaerner if the companies’ respective shareholders approve a planned merger, with Kvaerner subsequently dissolved.
The combined company, known as Aker Solutions, will provide subsea production equipment, offshore field design, maintenance and modifications and solutions to extend the lifespan of oil and gas fields, with a focus on maximized recovery and asset efficiency.
It will also use industrial software and digital technology to optimize output and improve efficiencies in client projects and operations, offering early front-end engagement, concept and system solutions for renewable energy and de-carbonization projects in offshore wind, carbon capture, use and storage, electrification and emerging energy developments such as hydrogen.
In addition, it will deploy its global experience in brownfield and subsea services to enter international renewables markets.
Fabrication will be performed either at Aker Solutions’ own yards or in co-operation with other companies around the world.
In response to changing market conditions, Aker Solutions and Kvaerner had embarked on capacity/cost-reduction measures prior to announcing their planned merger.
The combined company will have around 15,000 employees in more than 50 locations worldwide, with roughly 8,000 employees in Norway, and operations in around 25 countries, including offices for concept development, engineering and project execution, and fabrication yards and facilities for manufacturing of advanced equipment.
09/10/2020
