Aker Solutions: A supplier company

Aker Solutions supplies integrated solutions, products and engineering services to the global energy sector. The company offers low-carbon oil and gas solutions and develop renewables solutions.

Aker Solutions is listed on the Oslo Stock Exchange and employs about 11,000 people in 15 countries. The company is headquartered at Fornebu, Norway.

Listed:
Oslo Børs
Share of Aker's total assets (3Q24):
11.9%
Geographic marked:
International
CEO:
Kjetel Digre
Sector:
Energy service
Chair:
Leif-Arne Langøy
Category:
Oil and gas service
Aker Solutions Life Cycle Johan Sverdrup

Aker’s ownership agenda

Aker’s ownership agenda is about further developing Aker Solutions as a digitally driven engineering business and supplier company in the energy services sector. The oil and gas sector is currently the main foundation for Aker Solutions’ business. However, the ambition is to contribute to accelerate the transition to more sustainable energy production over time. A key priority for the company going forward will be to secure solid and predictable execution of the record-high order backlog, in order to deliver the projects on time and within budget. In this work, the aim is also to secure incentives through strategic alliance models with its customers. Aker is also an actively supporting further operational improvements and increased cost-efficiency in the company, as well as for the company to continue taking a selective approach to new tenders. Aker Solutions operates in a cyclical industry, and it is important for Aker, as a shareholder, that the company maintains financial robustness to handle this cyclicality. Financially, it is also important for Aker that the company maintains a predictable dividend policy over time.

Aker owns 39.41 per cent of the shares in Aker Solutions. Øyvind Eriksen (Deputy Chairman) and Kjell Inge Røkke (Director) represent Aker on Aker Solutions' Board of Directors.