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2014-10-02 19:40:00

AKER SOLUTIONS HAS BEEN SPLIT

AKER SOLUTIONS HAS BEEN SPLIT

Aker Solutions started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets.

The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance, Modifications and Operations (MMO) businesses of the former Aker Solutions, which has been split into two separate entities to reduce complexity, realize synergies and bring down costs. The other company formed in the separation is Akastor, an oilfield services investment business that will develop the former group's other units, including Drilling Technologies.

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Tags: AKER, OILFIELD, OIL, GAS
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