Aker ASA
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| Aker ASA | |
 |
|
| Type | Public |
|---|---|
| Founded | 1841 |
| Headquarters | Oslo, Norway |
| Key people | Leif-Arne Langøy (CEO) Kjell Inge Røkke (Owner) |
| Industry | Holding company |
| Revenue |  NOK 62 billion (2005) |
| Operating income | NOK 1.2 billion (2005) |
| Net income | NOK -69 million (2005) |
| Employees | 50,000 (2006) |
| Website | www.akerasa.com |
Aker (OSE: AKER) is a Norwegian holding company engaged within offshore, fishing, construction and engineering. The company is listed on Oslo Stock Exchange and is controlled by Kjell Inge Røkke with 66,66% ownership through TRG Holding. The corporate headquarters are located in Oslo, Norway.
[edit] Companies in the Aker Group
- Aker American Shipping (53.4%)
- Aker Capital (100%)
- Aker Drilling (35.3%)
- Aker Floating Production (44.3%)
- Aker Kværner (50.01%)
- Aker Seafoods (65.0%)
- Aker Yards (50.4%) - sold march 2007
- Aker Material Handling (100%)
[edit] History
Aker Mekaniske Verksted, located on the Aker River in Oslo, started up in 1841, at first producing a variety of mechanical equipment but later focusing on shipbuilding. In the 19th century the company focused on construction of whaling-, passenger- and cargo ships. The company later started production of tankers. In the 1970s Aker entered the petroleum marked, producing oil platforms. In the 1980s Aker merged with Norcem creating a large cement group in Norway with focus on the offshore industry. This part of the group was sold in 1999.
Kjell Inge Røkke used his investment company Resource Group International to purchase large amounts of Aker shares, and merged the two companies in 1996 to form Aker RGI. Through the listed partial subsidiary, Aker Maritime, Aker acquired competitor offshore engineering and construction company Kværner in 2000 and merged Aker Maritime and Kværner into Aker Kværner. Kværner had been through major economical trouble due to a bad market in the late 1990s because of low oil price and the failed purchase of the British company Trafalgar House. After the merge the holding company changed its name back to just Aker.
[edit] See also
Acergy • Aker • Aker Kværner • Awilco Offshore • DnB NOR • DNO • Fred. Olsen Energy • Frontline • Norske Skog •
Norsk Hydro • Ocean Rig • Orkla • Pan Fish • Petroleum Geo-Services • Prosafe • SeaDrill • Statoil • Storebrand •
Subsea 7 • Tandberg • Tandberg Television • Telenor • TGS-NOPEC • Tomra • Yara
See also: Companies listed on the Oslo Stock Exchange
Companies: Aker ASA • Aker American Shipping • Aker Capital • Aker Drilling • Aker Floating Production • Aker Kværner • Aker Material Handling • Aker Seafoods • Aker Yards
Yards: Aker Aukra • Aker Brattvaag • Aker Brevik • Aker Finnyards • Aker Kværner Egersund • Aker Kværner Stord • Aker Kværner Verdal • Aker Langsten • Aker Ostsee • Aker Philadelphia Shipyard • Aker Promar • Aker Søviknes • Aker Tulcea • Chantiers de l'Atlantique
Defunct companies: Aker Maritime • Kværner • Resource Group International
People: Kjell Inge Røkke
See also: Category:Aker Group
