Aker Holding
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Aker Holding
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. Ownership: *Aker ASA (60.0%) *Norwegian Ministry of Trade and Industry (30.0%) *SAAB (7.5%) *Investor (2.5%) 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 Aker Solutions ASA, an engineering company based in Oslo, provides the products, systems and services required to unlock energy from sources such as oil, gas, offshore wind and capture. The company, founded in 1841, was known as Aker Kværner u ... part of important and valuable Norwegian technology, in Norway for the next 10 ...
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Private Ownership
Private property is a legal designation for the ownership of property by non-governmental Legal personality, legal entities. Private property is distinguishable from public property and Personal property, personal property, which is owned by a state entity, and from Collective ownership, collective or cooperative property, which is owned by a group of Non-governmental organization, non-governmental entities. Private property is foundational to capitalism, an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. The distinction between private and personal property varies depending on political philosophy, with socialist perspectives making a hard distinction between the two. As a legal concept, private property is defined and enforced by a country's political system. History Ideas about and discussion of private property date back to the Persian Empire, and emerge in the Western tradition at least as far ...
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Oslo
Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of in 2019, and the metropolitan area had an estimated population of in 2021. During the Viking Age the area was part of Viken. Oslo was founded as a city at the end of the Viking Age in 1040 under the name Ánslo, and established as a ''kaupstad'' or trading place in 1048 by Harald Hardrada. The city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814 reduced its influence. After being destroyed by a fire in 1624, during the reign of King Christian IV, a new city was built closer to Akershus Fortress and named Christiania in honour of the king. It became a municipality ('' formannskapsdistrikt'') on 1 January 1838. The city fu ...
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Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of Norway. Bouvet Island, located in the Subantarctic, is a dependency of Norway; it also lays claims to the Antarctic territories of Peter I Island and Queen Maud Land. The capital and largest city in Norway is Oslo. Norway has a total area of and had a population of 5,425,270 in January 2022. The country shares a long eastern border with Sweden at a length of . It is bordered by Finland and Russia to the northeast and the Skagerrak strait to the south, on the other side of which are Denmark and the United Kingdom. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea. The maritime influence dominates Norway's climate, with mild lowland temperatures on the se ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Aker ASA
Aker ASA is a Norwegian industrial investment company with ownership interests concentrated in oil and gas, renewable energy and green technologies, maritime assets, marine biotechnology, and industrial software. 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. Group companies As of 31 December 2020: *Currently owned **Aker BP (40.0%) **Aker Solutions (33.3%) **Akastor (36.7%) **Aker BioMarine (77.8%) **Ocean Yield (61.7%) **Aker Energy (50.8%) **Cognite (62.0%) **Aker Horizons (100.0%) History The company takes its name from the former Akers mekaniske Verksted, which was Norway's largest shipyard and which closed in 1982. In 1987 one of the surviving companies split off from the shipyard merged with Norcem, creating a large ceme ...
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Norwegian Ministry Of Trade And Industry
The Royal Norwegian Ministry of Trade and Industry (Norwegian: Nærings- og handelsdepartementet) was a Norwegian ministry responsible for business, trade and industry. On 1 January 2014 it was merged into Ministry of Trade, Industry and Fisheries. From 2013 it was led by Monica Mæland (Conservative Party), who continued as minister of trade, industry and fisheries from 2014 to 2018. History The Norwegian Ministry of Trade, Shipping, Industry, Craft and Fisheries was created on 1 October 1916. After this, the ministry underwent several name changes: to Ministry of Trade, Shipping and Industry on 1 July 1946, to Ministry of Industry, Craft and Shipping on 6 December 1947, to Ministry of Industry and Craft on 1 January 1955, to Ministry of Industry 1 January 1988, to Ministry of Industry and Energy on 1 January 1993 and to Ministry of Trade and Industry on 1 January 1997. Organisation The Ministry of Trade and Industry has six departments. The Press and Communications Division is par ...
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Saab AB
Saab AB (originally , later just SAAB and Saab Group) is a Swedish aerospace and defence company, founded in 1937. Headquartered in Stockholm, the development and the manufacturing is undertaken in Linköping. Saab produced automobiles from 1947 until 1990 when the automobile division was spun off as Saab Automobile, a joint venture with General Motors. The joint venture ended in 2000 when GM took complete ownership. From 1968 onwards the company was in a merger with commercial vehicle manufacturer Scania-Vabis, known as Saab-Scania. The two were de-merged in 1995 by the new owners, Investor AB. Despite the demerger, both Saab and Scania share the right to use the griffin logo, which originates from the coat of arms of the Swedish region of Scania. History "Svenska Aeroplan AktieBolag" (Swedish for "Swedish Aeroplane Company Limited") (SAAB) was founded in 1937 in Trollhättan, with the merger of Svenska Aero AB (SAAB) and Linköping based ASJA the headquarters moved to Lin ...
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Investor AB
Investor AB is a Swedish investment and ''de facto'' conglomerate holding company. It was founded in 1916 and is still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling stake in several large Swedish companies, with smaller positions in a number of other firms. History Investor AB was established by the Wallenberg family in Stockholm in 1916 when new Swedish legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. The shareholdings of the family bank, Stockholms Enskilda Bank ( SEB today), were transferred to Investor AB, a newly formed industrial holding company spun out of the bank. Investments Listed companies Investor AB own significant minority stakes in listed companies and are typically the largest shareholder. * ABB - Provides electrification products, robotics and motion, industrial automation and power grids. * AstraZeneca - A biopharmaceutical com ...
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Aker Kværner
Aker may refer to: Places * Aker, Norway, a geographic area in Oslo and a former municipality in Norway * Vestre Aker, a district of Oslo within former Aker municipality * Nordre Aker, a district of Oslo within former Aker municipality * Aker Brygge, a business and entertainment area in central Oslo Organisations and structures * Aker ASA, a company based in Oslo, Norway, including its subsidiaries ** Aker Solutions, an engineering company (formerly Aker Kværner) ** Aker American Shipping, a bareboat company with Aker Philadelphia Shipyard ** Aker Drilling, an oil rig company ** Aker Floating Production, a company engaged in ship based petroleum production ** Aker Seafoods, a seafood company ** Aker BioMarine, a krill harvest and processing company * Akers mekaniske Verksted, a former shipyard in Oslo * Aker stadion in Molde, Norway * Aker University Hospital, a primary hospital in eastern Oslo * Aker Yards, a European ship yard group * Old Aker Church, a church in Oslo Othe ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Aker Solutions
Aker Solutions ASA, an engineering company based in Oslo, provides the products, systems and services required to unlock energy from sources such as oil, gas, offshore wind and capture. The company, founded in 1841, was known as Aker Kværner until 2008. In 2020, the company announced a merger with Kværner ASA Aker Kværner (OSE: AKVER) was founded in 2004 from the major restructuring of a complex "Aker Kværner" business unit, formed originally in 2002 by the merger of Aker Maritime and Kværner Oil & Gas. On 3 April 2008, Aker Kværner was renamed Aker Solutions, partly due to the difficulty that most non-Scandinavians found in pronouncing "Kværner". The company was majority controlled by Aker ASA until 2007. Then, via a major ownership restructuring on 22 June 2007, Aker ASA completely gave up its holding in Aker Solutions, and transferred a 40% stake to Aker Holding, which in turn was owned by Aker ASA (60%), the Norwegian Ministry of Trade and Industry (30%), SAAB (7.5% ...
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Negative Control
A scientific control is an experiment or observation designed to minimize the effects of variables other than the independent variable (i.e. confounding variables). This increases the reliability of the results, often through a comparison between control measurements and the other measurements. Scientific controls are a part of the scientific method. Controlled experiments Controls eliminate alternate explanations of experimental results, especially experimental errors and experimenter bias. Many controls are specific to the type of experiment being performed, as in the molecular markers used in SDS-PAGE experiments, and may simply have the purpose of ensuring that the equipment is working properly. The selection and use of proper controls to ensure that experimental results are valid (for example, absence of confounding variables) can be very difficult. Control measurements may also be used for other purposes: for example, a measurement of a microphone's background noise in ...
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