Aker Solutions
A Norwegian engineering and project-delivery company serving energy, offshore, industrial and low-carbon infrastructure markets.
Last updated August 27, 2026
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Overview
Aker Solutions is a Norwegian engineering, technology and project-delivery company headquartered in Oslo. Its activities center on infrastructure and services for the energy industry, including offshore oil and gas facilities, subsea systems, maintenance and modifications, offshore wind infrastructure, and carbon capture and storage. The company works primarily with large industrial customers and energy producers rather than selling standardized consumer products. Its contracts can cover early concept development, front-end engineering, detailed engineering, procurement, construction, installation, commissioning, operations support and lifecycle modifications. The company’s corporate ancestry reaches back to Aker Mekaniske Verksted, established in Oslo in 1841, and to the Kværner industrial businesses that developed during the nineteenth and twentieth centuries. The modern Aker Kværner structure emerged from the combination of Aker Maritime and Kværner Oil & Gas businesses. A major restructuring in 2004 separated Aker Kværner’s energy and engineering activities from shipbuilding activities, and the company became publicly traded on the Oslo Stock Exchange. On 3 April 2008, Aker Kværner adopted the Aker Solutions name. Aker Solutions has operated through several significant portfolio changes. Its engineering, procurement and construction division was separated and re-established as Kværner ASA in 2011, while the wider Aker industrial portfolio was later reorganized again. In 2014, Aker Solutions was divided into Aker Solutions and Akastor. In November 2020, Aker Solutions merged with Kværner ASA, bringing together engineering, construction and project-execution capabilities under the Aker Solutions organization. Historically, oil and gas engineering has been central to the company’s business. Its services have included offshore platform engineering, subsea production systems, control equipment, steel tube umbilicals, process equipment, maintenance, upgrades and facility-life-extension work. The company has also sought to address the energy transition by applying its offshore and project-delivery expertise to offshore wind, electrification, carbon capture and storage, and other lower-carbon infrastructure. This gives the brand a dual positioning: it remains a major supplier to conventional energy projects while presenting decarbonization and renewable infrastructure as important areas of future growth. Aker Solutions’ performance is influenced by energy-sector capital expenditure, commodity-price cycles, project timing, contract execution and the availability of skilled engineering and construction personnel. Its business is international in scope but retains a strong Norwegian identity and connection to Aker ASA. As a listed company trading under the symbol AKSO, it is an industrial business-to-business brand whose reputation is based on technical capability, safety, project execution and the ability to manage complex offshore and energy infrastructure projects.
History
Aker Solutions’ history combines the development of Norwegian mechanical engineering, shipbuilding, offshore technology and industrial contracting. The earliest predecessor identified with the company is Aker Mekaniske Verksted, founded beside the Aker River in Oslo in 1841. Another important predecessor, Kværner Brug, was founded in Oslo in 1853. Kværner and related engineering businesses gradually expanded from mechanical production into industrial equipment, construction and offshore energy. Kværner Industries was established as a holding company in 1967 and was listed on the Oslo Stock Exchange. During the late 1960s, Kværner entered offshore oil and gas and created Kværner Engineering, an engineering and contracting business. The group later broadened its international activities. In 1996, Kværner acquired the UK conglomerate Trafalgar House, adding interests in shipbuilding, oil and gas, pulp and paper, engineering and construction, and moving its international headquarters to London. The expansion created financial and operational difficulties. Kværner began a substantial divestment program in 1999, but liquidity problems intensified and reached a critical point in 2001. Aker Maritime, an offshore products and services company, had acquired a significant Kværner shareholding in 2000. In late 2001, Aker Maritime and Kværner agreed on a restructuring involving an injection of assets, new share issues and renegotiated debt. The group adopted the Aker Kvaerner identity for its wider business activities in 2002. A further restructuring followed in 2004 after the combination of Aker Maritime and Kværner Oil & Gas businesses. The resulting Aker Kværner group concentrated on oil, gas, energy and process engineering, while shipbuilding activities were organized separately as Aker Yards. Aker Kværner began trading on the Oslo Stock Exchange in April 2004. The company subsequently disposed of its pulp-and-paper and power businesses, selling them to Metso in 2006. Ownership changed materially in 2007. Aker ASA transferred a 40 percent interest to Aker Holding, whose ownership included Aker ASA, the Norwegian Ministry of Trade and Industry, Saab and Investor AB. The arrangement reduced Aker ASA’s direct holding while retaining an important Aker connection. In the same period, the company faced criticism concerning the involvement of a jointly owned subsidiary in construction and maintenance work at the Guantanamo Bay detention facility. At the company’s annual general meeting on 3 April 2008, Aker Kværner was renamed Aker Solutions. The new name supported a broader positioning around engineering, technology and solutions for energy customers. During the following years, the company won offshore contracts covering steel tube umbilicals, a mono-ethylene glycol reclamation unit and subsea control equipment for Israel’s Tamar gas-field development. The combined value of those contracts was reported as NOK 1.1 billion. In 2011, Aker Solutions separated its engineering, procurement and construction division. The division was rebranded Kværner ASA and listed as a separate company. Aker Solutions subsequently underwent another portfolio division in 2014, creating the distinct Aker Solutions and Akastor businesses. The company also expanded its facilities and international presence, including operations in Aberdeen. The downturn in oil prices affected the company’s workforce and demand environment. In February 2015, Aker Solutions announced the loss of around 300 jobs in Norway, citing weaker oil prices and reduced drilling-services demand. The company continued to provide conventional offshore services while developing activities linked to renewables and lower-carbon energy. In November 2020, Aker Solutions merged with Kværner ASA. The transaction reunited capabilities that had been separated in 2011 and strengthened the company’s ability to deliver large construction and engineering projects. In the 2020s, Aker Solutions has presented offshore wind, wind-to-grid infrastructure, carbon capture and storage, electrification and other decarbonization services alongside its established oil-and-gas business. The company remains headquartered in Norway and trades on the Oslo Stock Exchange under the symbol AKSO.
- 2020
Aker Solutions merges with Kværner
[1]The companies reunite their engineering, construction and project-delivery capabilities.
- 2014
Aker Solutions is divided from Akastor
[1]The Aker industrial portfolio is reorganized into Aker Solutions and Akastor.
- 2011
Kværner is separated from Aker Solutions
[1]The EPC division is rebranded Kværner ASA and spun off as a separately listed company.
- 2008
Aker Kværner becomes Aker Solutions
[1]The company adopts the Aker Solutions name at its annual general meeting on 3 April.
- 2004
Aker Kværner is formed as an industrial group
[1]A major restructuring organizes the energy and process-engineering activities under Aker Kværner and separates shipbuilding as Aker Yards.
- 2004
Aker Kværner begins Oslo Stock Exchange trading
[1]The company begins trading under the ticker AKVER on 2 April 2004.
- 2002
The Aker Kvaerner identity is adopted
[1]Following the restructuring of Aker Maritime and Kværner oil-and-gas businesses, the group uses the Aker Kvaerner brand.
- 1967
Kværner Industries is established and listed
[1]Kværner Industries is created as a holding company and listed on the Oslo Stock Exchange.
- 1853
Kværner Brug is established
[1]Kværner Brug is founded in Oslo and later becomes an important predecessor in the company’s industrial history.
- 1841
Aker Mekaniske Verksted is founded
[1]Aker establishes a mechanical workshop in Oslo, forming the earliest corporate predecessor associated with Aker Solutions.
Products and positioning
A technically focused engineering and project-delivery partner for complex offshore, energy and industrial infrastructure, combining established oil-and-gas capabilities with offshore renewables and decarbonization services.
Engineering services
Engineering and project delivery services
Aker Solutions provides concept studies, front-end engineering, detailed design, procurement, construction management, installation, commissioning and integrated project management for energy and industrial infrastructure. These services are generally delivered as part of complex capital projects involving offshore facilities, subsea developments, processing systems, renewable infrastructure or decarbonization assets.
Offshore energy technology
Subsea systems and offshore facilities
The company supplies engineering and technology for subsea production systems and offshore facilities. Historical offerings have included subsea control equipment, steel tube umbilicals and related systems used to connect, control and operate offshore oil and gas developments. The business also applies offshore engineering expertise to newer energy infrastructure.
Industrial lifecycle services
Operations, maintenance and modifications
Operations support, maintenance, upgrades and modification work help customers maintain or extend the useful life of offshore and onshore energy assets. The offering may include engineering changes, equipment replacement, integrity support, brownfield project management and other lifecycle services intended to improve facility reliability, safety and operating performance.
Renewable energy engineering
Offshore wind and wind-to-grid infrastructure
Aker Solutions uses its offshore construction, engineering and project-execution capabilities in offshore wind and associated wind-to-grid infrastructure. Activities can include development and engineering support for offshore renewable projects, infrastructure integration and delivery services for industrial-scale energy systems.
Decarbonization technology
Carbon capture and storage solutions
The company provides engineering and project services for carbon capture and storage, including infrastructure needed to capture carbon dioxide from industrial processes and transport or store it. This business extends Aker Solutions’ process-engineering and large-project expertise into industrial decarbonization.
Controversies
2007
Guantanamo Bay detention-facility controversy
Amnesty International criticized the involvement of Kværner Process Services, a jointly owned subsidiary, in construction and maintenance work at the Guantanamo Bay detention facility. The organization characterized the relationship as making the subsidiary an accessory to torture and other alleged human-rights abuses. The controversy concerned predecessor businesses within the corporate lineage of Aker Solutions.
Brand decisions
2020
Merger with Kværner ASAM&ABackground
The merger followed the earlier separation of the two businesses and was intended to reunite complementary engineering, construction and project-execution capabilities.
Action taken
Aker Solutions merged with Kværner ASA in November 2020.
Aftermath
The combined company strengthened its integrated project-delivery platform while continuing to pursue offshore, oil-and-gas, renewable and lower-carbon infrastructure opportunities.
2014
Division into Aker Solutions and AkastorStrategyBackground
The Aker industrial portfolio was reorganized to distinguish the operating engineering-services business from other industrial and investment activities.
Action taken
The company was divided into Aker Solutions and Akastor.
Aftermath
Aker Solutions continued as the engineering and energy-services company, while Akastor became a separate entity.
2011
Separation of the EPC divisionStrategyBackground
Aker Solutions reviewed its portfolio and separated its engineering, procurement and construction activities from the remaining business.
Action taken
The EPC division was rebranded Kværner ASA and spun off as a separately listed company.
Aftermath
Aker Solutions and Kværner operated as separate listed businesses until their capabilities were reunited through the 2020 merger.
2008
Rebrand from Aker Kværner to Aker SolutionsStrategyBackground
The company was adjusting its portfolio and wanted a name that emphasized integrated engineering, technology and solutions for energy customers.
Action taken
At the annual general meeting on 3 April 2008, Aker Kværner adopted the Aker Solutions name.
Aftermath
The new name became the company’s principal corporate brand and remained in use through subsequent portfolio reorganizations.
Recent events
- 2020
Aker Solutions merges with Kværner[1]
M&A
Aker Solutions and Kværner completed a merger that reunited engineering, construction and project-delivery capabilities.
- 2015
Aker Solutions announces job reductions in Norway amid oil-market weakness[1]
Other
The company announced the loss of approximately 300 Norwegian jobs in response to falling oil prices and weaker demand for drilling services.
- 2011
Aker Solutions separates its EPC division as Kværner[1]
M&A
The company’s engineering, procurement and construction division was rebranded and spun off as Kværner ASA, which became separately listed.
- 2008
Aker Kværner adopts the Aker Solutions name[1]
Leadership change · Other
Aker Kværner was renamed Aker Solutions at the company’s annual general meeting, creating the current corporate brand.
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