Aker Solutions ASA
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Aker Solutions ASA - overview
Established
1841
Location
Lysaker, -, Norway
Primary Industry
Oil & Gas
About
Based in Norway, Aker Solutions ASA delivers engineering and technology solutions that cater to the energy sector, focusing on sustainable practices and low-carbon innovations. Founded in 1841 in Lysaker, Norway, Aker Solutions ASA specializes in providing integrated solutions for the energy industry. The firm has adapted its business strategy to emphasize low-carbon and renewable energy solutions. It operates globally, with headquarters in Lysaker and offices in key regions including Europe, North America, Asia-Pacific, and the Middle East.
The current CEOs are Andreas Watle and C Venkat. Aker Solutions offers a comprehensive suite of integrated solutions, products, and services tailored to the global energy industry. The company specializes in low-carbon oil and gas production and renewable energy solutions, providing innovative technologies that enable sustainable and efficient energy generation. Key product offerings include subsea production systems, lifecycle services, fixed and floating solutions, as well as maintenance, modifications, and decommissioning projects.
Aker Solutions serves a diverse client base, including major oil and gas companies and renewable energy developers, primarily across markets in Europe, North America, Asia-Pacific, and the Middle East. These products and services are designed to address critical challenges in energy production, ensuring operational safety, optimizing resource use, and facilitating the transition towards low-carbon energy systems. In 2023, Aker Solutions generated revenue of USD 3,437. 10 mn with an EBITDA of USD 104.
83 mn. The company derives revenue through project-based contracts and service agreements, collaborating directly with large businesses in the energy sector, particularly oil and gas and renewable energy markets. Revenue is generated from long-term contracts and customized project agreements, reflecting the tailored nature of their services and solutions. Aker Solutions is focused on expanding its product offerings and geographic reach.
The firm is developing new low-carbon technologies aimed at enhancing energy efficiency and sustainability. Future plans include targeting growth in emerging markets in Asia-Pacific and the Middle East by 2025. Recent funding will support the development of these new products and the expansion into these targeted regions.
Primary Industry
Oil & Gas
Sub Industries
Engineering, Oil & Gas Exploration and Production
Website
www.akersolutions.com
Total Amount Raised
Subscriber access only
Aker Solutions ASA - timeline of key events
Aker Solutions ASA - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 32,942,000,000 | 31,896,000,000 | 25,557,000,000 | 22,461,000,000 | 25,232,000,000 | 29,263,000,000 | 28,434,000,000 | 29,195,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | (3.2%) | (19.9%) | (12.1%) | 12.3% | 16.0% | (2.8%) | 2.7% | - | - | - |
| EBITDA (USD) | 2,675,000,000 | 1,841,000,000 | 1,929,000,000 | 1,519,000,000 | 1,810,000,000 | 2,244,000,000 | 511,000,000 | 1,779,000,000 | - | - | - |
| Operating Income (USD) | 2,010,000,000 | 958,000,000 | 687,000,000 | 571,000,000 | 1,049,000,000 | 705,000,000 | (776,000,000) | 693,000,000 | - | - | - |
| Operating Margin | 6.1% | 3.0% | 2.7% | 2.5% | 4.2% | 2.4% | (2.7%) | 2.4% | - | - | - |
| % EBITDA Margin | 8.1% | 5.8% | 7.5% | 6.8% | 7.2% | 7.7% | 1.8% | 6.1% | - | - | - |
| NET Income (USD) | 1,300,000,000 | 383,000,000 | 152,000,000 | 239,000,000 | 554,000,000 | 83,000,000 | (1,520,000,000) | 249,000,000 | - | - | - |
| % Net Margin | 3.9% | 1.2% | 0.6% | 1.1% | 2.2% | 0.3% | (5.3%) | 0.9% | - | - | - |
Aker Solutions ASA - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Announced | Cognite AS | - | ||||||||
| N/A | Completed | Humboldt Wind Farm | - | ||||||||
| Corporate Carve Out | Completed | Altus Intervention | - |
Displaying 1 - 3 of 3
Aker Solutions ASA - employee data
Aker Solutions ASA - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board | BM | ||||||
| Member Board of Directors | BM | ||||||
| Chairman Of The Board | BM | ||||||
| CEO & Executive Board Director | BM |
BM Board Member
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