Aker completes sale of P&C business area to Jacobs

Aker Solutions has completed the sale of principal operations within its process and construction business area to Jacobs Engineering.

As disclosed on 22 December 2010, the transaction does not include the US EPC centre in Houston or the Union Construction business located in the US and Canada, which will all be part of the new Aker Contractors company.

Aker Solutions retains Aker Projects (Shanghai) until such time as the requisite regulatory clearances in China have been obtained.

With the sale of these businesses to Jacobs and the transfer of the Union Construction and EPC Centre US operations to the new Aker Contractors company, Aker Solutions’ P&C business area has now been dissolved.