Aker Solutions and Kvaerner have accomplished a merger whereby Aker Solutions has absorbed all of the property, rights and obligations of Kvaerner and Kvaerner has been dissolved.
The two entities have joined forces to create a brand new provider of options to cut back local weather fuel emissions from oil and fuel installations, and for supply of full renewable vitality manufacturing services.
The identify of the merged firm is Aker Solutions, listed underneath the on the Oslo Stock Exchange.
Today, 11 November may also be the primary day for the Aker Solutions share to be traded after finishing the merger with Kvaerner.
The mixed firm will make use of roughly 15,000 staff in additional than 20 nations.
Going ahead, the corporate may have three segments: Renewables and Field Development; Electrification, Maintenance and Modifications; and Subsea.
Post-merger backlog for Aker Solutions on the finish of Q3 2020 stands at $four.22 billion, of which subsea backlog is $1.21 billion.
Aker Solutions CEO, Kjetel Digre, said:
“We see that our means to ship predictably with respect to high quality, schedule and prices is equally necessary for low-carbon tasks and renewable vitality developments.
“Over the previous few years, now we have began to construct up our enterprise in these segments, and we’ll proceed to develop this exercise additional within the new group.
“Our technique as a provider is to allow our clients and the society to speed up the transition to sustainable vitality manufacturing.”
The publish Aker Solutions to step up vitality transition sport after the merger appeared first on Offshore Energy.