Aker splits into three separate companies

Aker has decided to cultivate its core businesses by creating three separate companies: Aker Solutions, a fully-fledged provider of engineering, technologies and services for the oil and gas industry; Aker Contractors, an EPC company with a strong position in the North Sea field-development market; and Process and Construction International, a global supplier of engineering and construction services to onshore industry segments.

This strategic direction, which was announced at the company’s capital markets day in Oslo, is the conclusion of a strategy process initiated by the company board in the second quarter of 2009.