Aker Holding

Last updated
Aker Holding AS
Company type Private
Industry Holding company
Founded2007
Headquarters Oslo, Norway
Area served
Norway
Parent Aker Group (60.0%)
Norwegian Ministry of Trade and Industry (30.0%)
SAAB (7.5%)
Investor (2.5%)
Subsidiaries Aker Kværner (40.1%)

Aker Holding is a holding company that owns 40.27% of Aker Solutions. It manages the ownership of four major owners in the company, through a common agreement to insure negative control over the company.

Contents

Ownership:

Background

On 22 June 2007 Aker ASA and the Government of Norway announced the creation of the holding company. Aker ASA would transfer its entire ownership of the company to the holding company, and sell 40% of the holding company. Aker received NOK 6.4 billion for the transaction.

The purpose of creating this company is to keep Aker Solutions part of important and valuable Norwegian technology, in Norway for the next 10 years. The partners of Aker Holding can not sell their part of the holding company for at least 10 years. [1]

Related Research Articles

Kjell Inge Røkke is a Norwegian businessman.

Kværner was a Norwegian engineering and construction services company that existed between 1853 and 2005. In 2004, it was amalgamated into the newly formed subsidiary of Aker ASA - Aker Kværner, which was renamed Aker Solutions on 3 April 2008. Kværner re-emerged on 6 May 2011, when the EPC part of Aker Solutions took the Kværner name. The new Kværner company was listed on the Oslo Stock Exchange on 8 July 2011.

<span class="mw-page-title-main">Aker Solutions</span> Norwegian energy infrastructure engineering company

Aker Solutions ASA engineers and builds energy infrastructure while providing a range of products and consultancy services to low-carbon and renewable energy projects. Based in Oslo, the company's critical offerings to the energy industry include the systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastructure and engineer CO2 capture and sequestration.

<span class="mw-page-title-main">Oslo Stock Exchange</span> Stock exchange located in Oslo, Norway

Oslo Stock Exchange is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed income instruments.

<span class="mw-page-title-main">Krill fishery</span>

The krill fishery is the commercial fishery of krill, small shrimp-like marine animals that live in the oceans world-wide. The present estimate for the biomass of Antarctic krill is 379 million tonnes. The total global harvest of krill from all fisheries amounts to 150–200,000 tonnes annually, mainly Antarctic krill and North Pacific krill.

<i>Aksjeselskap</i> Norwegian form of a private company with limited liability

Aksjeselskap is the Norwegian term for a stock-based company. It is usually abbreviated AS, historically often written as A/S. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital. Public companies are called allmennaksjeselskap (ASA), while companies without limited liability are called ansvarlig selskap (ANS).

STX Europe AS, formerly Aker Yards ASA, was until 2012 a subsidiary of the South Korean STX Offshore & Shipbuilding.

Mowi ASA, formerly known as Marine Harvest ASA, , is a Norwegian seafood company with operations in a number of countries around the world. The company's primary interest is fish farming, primarily salmon, the operations of which are focused on Norway, Scotland, Canada, the Faroe Islands, Ireland and Chile. The group has a share of 25 to 30% of the global salmon and trout market, making it the world's largest company in the sector. Mowi also owns a 'value added processing' unit, which prepares and distributes a range of seafood products, and a number of smaller divisions.

Aker Drilling, was a Norwegian drilling rig operation company; based in Stavanger, Norway and majority owned by the Aker Group. It was listed on Oslo Stock Exchange under the ticker - 'AKD'.

<span class="mw-page-title-main">Aker ASA</span> Aruba company

Aker ASA is a Norwegian industrial investment company with ownership interests concentrated in oil and gas, renewable energy and green technologies, industrial software, seafood and marine biotechnology sectors. The company is listed on Oslo Stock Exchange. Aker's main shareholder is Kjell Inge Røkke, who owns 68.2% per cent of Aker through his company TRG Holding AS. The corporate headquarters are located in Fornebu, Norway. Aker was established in 1841 when Akers Mekaniske Verksted was founded in Oslo.

<span class="mw-page-title-main">American Shipping Company</span>

American Shipping Company ASA, formerly known as Aker American Shipping ASA, is a Norwegian-American shipping and shipyard company and part of the Aker Group. Aker ASA originally owned 53.2% of the company, and in 2008 reduced its ownership share to 19.9%. The company is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway. It was reported in November 2007 that the company has approximately 1,300 employees.

<span class="mw-page-title-main">Equinor</span> Norwegian energy company

Equinor ASA is a Norwegian state-owned multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. As of 2021, the company has 21,126 employees.

The Royal Norwegian Ministry of Trade and Industry was a Norwegian ministry responsible for business, trade and industry.

<span class="mw-page-title-main">Solstad Farstad</span>

Solstad Offshore is a Norwegian offshore service and supply ship shipping company that operates 89 vessels and including 26 construction service vessels, 21 anchor handling tug supply vessels and 42 platform supply vessels. The company is based in Skudeneshavn, but also has offices in Ålesund, Aberdeen, Rio de Janeiro, Perth, Singapore, Manila and Odesa.

Liv Monica Bargem Stubholt is a Norwegian lawyer and former politician for the Norwegian Centre Party. She currently serves as a partner in law firm Selmer AS and former industry executive as Senior Vice President Strategy and Communication in Kvaerner ASA - a listed EPC company in the petroleum industry.

Aker Arctic Technology Oy is a Finnish engineering company that operates an ice model test basin in Helsinki. In addition to ship model testing, the company offers various design, engineering and consulting services related to icebreakers, other icegoing vessels and arctic offshore projects as well as full scale trials, field expeditions and training for icy conditions. Formerly the arctic research centre of Wärtsilä and later Masa-Yards, Aker Arctic was established on 30 December 2004 as an independent company with Finnish Industry Investment Ltd, ABB and Aker Solutions as its current shareholders.

<span class="mw-page-title-main">Aker BP</span> Norwegian oil exploration and development company

Aker BP ASA is a Norwegian oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf. It is present all over Norway. The headquarters are in Fornebu with additional offices in Trondheim, Stavanger and Harstad. The company employs a staff of more than 2,400.

<span class="mw-page-title-main">EMAS (company)</span>

EMAS is an offshore contractor and integrated offshore solutions provider catering to the oil and gas (O&G) industry on a global scale. It operates as a subsidiary of Ezra Holdings and has gained recognition within the industry. Established in 1992, the company is headquartered in Singapore and initially focused its operations in the maritime sector of the Asia Pacific region, primarily managing a fleet of vessels. In 2003, the company successfully listed its shares on the Singapore Exchange SGX, enhancing its market presence. EMAS also established fabrication facilities in Vietnam.

<span class="mw-page-title-main">Øyvind Eriksen</span> Norwegian attorney and businessman (b. 1964)

Øyvind Eriksen is a Norwegian attorney and head of industry. On 1 January 2009, he took over from Leif-Arne Langøy as the CEO and president of Aker ASA.

References

  1. Norwegian Ministry of Trade and Industry (2007-06-22). "The Norwegian Government contributes to long-term strategic ownership of Aker Kværner".