Aker ASA is a

Norwegian Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe * Norwegians, both a nation and an ethnic group native to Norway * Demographics of Norway *The Norwegian language, including ...

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 Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) 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, der ...

. Aker's main shareholder is

Kjell Inge Røkke Kjell Inge Røkke (born 25 October 1958) is a Norwegian billionaire businessman. Røkke launched his business career with the purchase of a trawler in the United States in 1982, and gradually built a leading worldwide fisheries business. In 19 ...

, who owns 68.2% per cent of Aker through his company TRG Holding AS. The corporate headquarters are located in

Fornebu Fornebu (local form ''Fornebo'') is a peninsular area in the suburban municipality of Bærum in Norway, bordering western parts of Oslo. Oslo Airport, Fornebu (FBU) served as the main airport for Oslo and the country since before World War II an ...

, 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 Akers mekaniske Verksted (often abbreviated ''Akers mek. Verksted'' or ''Akers Mek.'') was a workshop, later a shipyard which was established in Fossveien by the Aker River in Oslo in 1841. In 1854 the company moved to Holmen on the west side of ...

, 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 Norcem AS is a Norwegian manufacturer of cement, and subsidiary of HeidelbergCement. It has plants in Brevik and Kjøpsvik. History Norcem was established in 1968 as a merger between the three cement factories Christiania Portland Cementfab ...

, creating a large

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel (aggregate) together. Cement mixe ...

group in Norway with focus on the offshore industry. The cement business was sold in 1999. Kjell Inge Røkke used his investment company Resource Group International to purchase large amounts of Aker shares, and merged the two companies in 1996 to form Aker RGI. Through the listed partial subsidiary, Aker Maritime, Aker acquired its competitor, the offshore engineering and construction company

Kværner Kværner was a Norwegian engineering and construction services company that existed between 1853 and 2005. In 2004, it was amalgamated to the newly formed subsidiary of Aker ASA - Aker Kværner, which was renamed Aker Solutions on 3 April 2 ...

, in 2000 and merged Aker Maritime and Kværner into Aker Kværner. Kværner had been through major economical trouble due to a bad market in the late 1990s because of the low oil price and the failed purchase of the

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

company Trafalgar House. After the merger the holding company changed its name back to just Aker. In 1999, after clearing European anti-monopoly concerns, Aker and Apax Partners merged their warehouse technologies and material handling units to form the Dexion Group Ltd (Apax) and Constructor AS (Aker); in 2000, the Dexion Group was acquired by Aker and merged with Constructor, while the Australia/Asia Pacific operations were sold. In 2007, as part of the Aker Material Handling group of companies, Constructor/Dexion was sold to the Swedish finance investor

Altor Equity Partners Altor Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in Sweden, Denmark, Finland, Norway and the DACH region. History The firm, which is based in Stockholm, Sweden, was founded in 2003 by a ...

Aker Horizons

Aker Horizons is an investment company established in 2020, wholly owned by Aker ASA. The company invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promote sustainable living. Its portfolio covers wind and solar power generation, hydrogen production, carbon capture and storage, and digital enablers: * Aker Offshore Wind (51.0%) * Aker Carbon Capture (49.3%) * Mainstream Renewable Power (75.0%) * Aker Clean Hydrogen (77.0%) * Supernode (50.0%) * Rainpower (100.0%) * REC Silicon (24.7%)

References

{{Coord, 59, 54, 32.27, N, 10, 43, 29.46, E, type:landmark, display=title 01 Conglomerate companies of Norway Holding companies of Norway Shipbuilding companies of Norway Conglomerate companies established in 2004 Holding companies established in 2004 Manufacturing companies established in 2004 Norwegian companies established in 2004 Companies listed on the Oslo Stock Exchange