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    Aker Solutions takes full control of Aker Marine Contractors

    News // September 9, 2008

    Aker Solutions has acquired an additional 30 per cent share in Aker Marine Contractors from Taubåtkompaniet, and Taubåtkompaniet's remaining 10 per cent share in Aker Marine Contractors has been acquired by Aker Capital AS.

    Following these transactions, Aker Solutions holds 90 per cent of the shares in Aker Marine Contractors, while Aker Capital AS holds 10 per cent.

    Aker Solutions ASA expects to acquire the remaining 10 per cent of the shares held by Aker Capital AS when formalities related to waivers from the participants in Aker Solutions' bank syndicate are in place. 
    "This acquisition reflects our long term strategy to expand our foothold and further strengthen our position across the value chain of marine operations and oilfield services", said Mads Andersen, executive vice president of Aker Solutions.
    The transactions value Taubåtkompaniet's previous shareholding in Aker Marine Contractors at NKr 740 million.
    Aker Marine Contractors also has entered into a five-year charter with options with Taubåtkompaniet for the vessel BOA Deep C.

    Aker Marine Contractors has had full marketing control of BOA Deep C since 2004 and since its introduction the vessel has seen almost full utilization.


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