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Aker Solutions ASA

 
Hoover's Profile: Aker Solutions ASA
(Pink Sheets:AKKVF) (Oslo:AKSO)
Contact Information
Aker Solutions ASA
Snarøyveien 36, 1364 Fornebu
NO-1325 Lysaker, Norway
Tel. +47-67-51-30-00
Fax +47-67-51-30-10

Type: Public
On the web: http://www.akersolutions.com

Anglo-Norwegian conglomerate Aker Solutions (formerly Aker Kværner) aches to integrate its diverse operations into practical solutions. The company provides design, construction, and maintenance and operation of industrial facilities for the oil and gas, energy, metals and mining, and process industries. Its subsidiaries' services range from installing complex projects in the North Sea to smaller facilities in shallow waters. Process equipment for upstream oil and gas companies, well logs for oil and gas companies, downhole services, drilling equipment, deck machinery, and mooring systems are all part of the group's offerings. Holding company Aker ASA controls 40% of the company, the Norwegian government 30%.

Key numbers for fiscal year ending December, 2008:
Sales: $8,254.3M
One year growth: (22.8%)
Net income: $214.4M
Income growth: (51.6%)

Officers:
President and CEO: Simen Lieungh
EVP and CFO: Leif Borge
VP Communications, Products and Technologies: Karen Romer

Competitors:
Bechtel
Halliburton
Technip

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