Akers Solutions
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Akers Solutions - overview
Location
-, -, Norway
Primary Industry
Business Support Services
About
Aker Solutions is an engineering and technology company that provides integrated solutions for the global energy sector, focusing on sustainability and efficiency in energy production. Aker Solutions offers engineering services and technologies aimed at optimizing energy production. The company is headquartered in Fornebu, Norway. Andreas Watle and C Venkat currently serve as CEOs.
The firm has undergone strategic pivots to enhance its focus on renewable energy and low-carbon solutions, responding to the evolving energy market demands. Aker Solutions specializes in integrated solutions for the energy industry, including engineering services, renewable energy solutions, low-carbon oil and gas solutions, subsea production systems, and lifecycle services. Their offerings cater to a diverse clientele, extending across Europe, North America, Asia-Pacific, and parts of South America and Africa, addressing critical challenges in energy efficiency and sustainability. In the most recent financial year of 2022, Aker Solutions generated revenue of USD 3.
54 bn with an EBITDA of USD 164. 93 mn, reflecting its commitment to project-based contracts and service agreements primarily within the B2B sector. Aker Solutions aims to expand its product offerings with new renewable energy solutions expected to launch within the next 24 months. The company is targeting growth in emerging markets in Asia-Pacific and South America by 2025.
Recent funding will be utilized to support these product developments and market expansions, aligning with their strategic focus on sustainable energy solutions.
Primary Industry
Business Support Services
Sub Industries
Engineering
Website
www.akersolutions.com
Total Amount Raised
Subscriber access only
Akers Solutions - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Managed Pressure Operations International | - |
Displaying 1 - 1 of 1
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.