OverviewSuggest Edit

Aker Solutions is a company providing products, systems, and services to the oil and gas industry. It operates through three segments: Projects, Services, and Other. The Projects segment provides subsea equipment and systems, engineering and procurement in addition to brownfield maintenance, modifications, and hook-up. The Services segment includes maintenance, repair, spares supply, installation and commissioning of subsea equipment and production assets.

TypePublic
Founded1841
HQBærum, NO
Websiteakersolutions.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Jul 2021)14,491
Job Openings57
Revenue (FY, 2019)KR29.3 B(+16%)
Share Price (Sept 2021)KR16.9(+3%)
Cybersecurity ratingBMore

Key People/Management at Aker Solutions

Luis Araujo

Luis Araujo

CEO
Ole Martin Grimsrud

Ole Martin Grimsrud

Chief Financial Officer
Mark Riding

Mark Riding

Executive Vice President, Strategy
Dean Watson

Dean Watson

Chief Operating Officer and Executive Vice President, Subsea Lifecycle Services
Valborg Lundegaard

Valborg Lundegaard

Executive Vice President, Customer Management
Knut Nyborg

Knut Nyborg

Executive Vice President, Front End
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Aker Solutions Office Locations

Aker Solutions has offices in Bærum, Lysaker, Houston, Luanda and in 21 other locations
Bærum, NO (HQ)
8 Oksenøyveien
Lysaker, NO
Lysaker
Luanda, AO
Av. Murtala Mohammed 8
Luanda, AO
Rua 6, I.L. Boavista
Perth, AU
197 St Georges Terrace
Welshpool, AU
8 Casino St
Show all (28)

Aker Solutions Financials and Metrics

Aker Solutions Revenue

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Aker Solutions's revenue was reported to be kr29.26 b in FY, 2019 which is a 16% increase from the previous period.
NOK

Revenue (H1, 2020)

11.9b

Net income (H1, 2020)

(901.0m)

EBITDA (H1, 2020)

381.0m

EBIT (H1, 2020)

(764.0m)

Market capitalization (14-Sept-2021)

8.0b

Closing stock price (14-Sept-2021)

16.9

Cash (30-Jun-2020)

2.5b

EV

15.8b
Aker Solutions's current market capitalization is kr8 b.
Annual
NOKFY, 2017FY, 2018FY, 2019

Revenue

22.5b25.2b29.3b

Revenue growth, %

12%16%

Cost of goods sold

17.6b20.1b24.0b

Gross profit

4.8b5.1b5.3b
Half Year
NOKH1, 2018H1, 2019H1, 2020

Revenue

11.7b14.8b11.9b

Operating expense total

384.0m834.0m594.0m

Depreciation and amortization

384.0m834.0m594.0m

EBITDA

864.0m1.3b381.0m
Annual
NOKFY, 2017FY, 2018FY, 2019

Cash

2.0b2.5b1.9b

Accounts Receivable

2.9b3.2b3.2b

Prepaid Expenses

954.0m1.3b1.6b

Inventories

428.0m326.0m369.0m
Half Year
NOKH1, 2018H1, 2019H1, 2020

Cash

2.4b2.2b2.5b

Accounts Receivable

2.8b3.6b

Prepaid Expenses

777.0m1.9b1.5b

Inventories

308.0m353.0m270.0m
Annual
NOKFY, 2017FY, 2018FY, 2019

Net Income

239.0m554.0m83.0m

Depreciation and Amortization

948.0m761.0m1.5b

Cash From Operating Activities

587.0m921.0m319.0m

Purchases of PP&E

(211.0m)(331.0m)(599.0m)
Half Year
NOKH1, 2018H1, 2019H1, 2020

Net Income

222.0m137.0m(901.0m)

Depreciation and Amortization

384.0m834.0m1.1b

Cash From Operating Activities

851.0m(248.0m)(251.0m)

Purchases of PP&E

(130.0m)(184.0m)(269.0m)
NOKFY, 2017

Revenue/Employee

1.6m

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x
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Aker Solutions Acquisitions / Subsidiaries

Company NameDateDeal Size
Airborne Oil & GasMarch 18, 2019
ReinertsenApril 07, 2017
C.S.E. Mecânica e Instrumentação Ltda.December 07, 2016
Thrum EnergyNovember 22, 2012
Aker Engineering and Technology Ltd
Aker Engineering International Sdn Bhd
Aker Engineering Malaysia Ltd
Aker Engineering Malaysia Sdn Bhd
Aker Installation FP AS
Aker Insurance Services AS
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Aker Solutions Revenue Breakdown

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Aker Solutions revenue breakdown by business segment: 79.0% from Projects, 20.4% from Services and 0.6% from Other

Aker Solutions revenue breakdown by geographic segment: 64.5% from Norway, 13.4% from UK, 7.7% from Brazil and 14.4% from Other

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Aker Solutions Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Aker Solutions Online and Social Media Presence

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Aker Solutions Company Culture

  • Overall Culture

    A+

    99/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

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Aker Solutions News and Updates

Aker Solutions Awarded Major Offshore Wind Contract

OSLO, Norway, July 19, 2021 /PRNewswire/ -- Aker Solutions, as part of a consortium, has signed a major1 EPCI contract with an undisclosed customer to provide the HVDC (high-voltage, direct current) transmission system for a large offshore wind project. More details about the project is...

Aker Solutions ASA: Second-Quarter and Half-Year Results 2021

OSLO, Norway, July 15, 2021 /PRNewswire/ -- Orderbook up almost 30 percent, on track for growth and transition. In the second quarter of 2021, Aker Solutions continued to demonstrate that it remains on track with its transformation and strategic growth plans. Revenues strengthened as the...

Aker Solutions Awarded Subsea Gas Compression Contract

OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1 contract from Chevron Australia Pty Ltd to provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia. The company has booked around NOK 7 billion as order intake in the...

Aker Solutions and AF Gruppen Join Forces to Create a Leading Global Offshore Decommissioning and Recycling Company

OSLO, Norway, July 1, 2021 /PRNewswire/ -- Today, Aker Solutions and AF Gruppen have signed a Letter of Intent (LOI) to merge the two companies' existing offshore decommissioning operations into a 50/50 owned company with the goal of creating a leading global player for environmentally...

Aker Solutions Extends Relationship with Cognizant to Modernize its IT Systems and Help Speed Transition to Renewable Energy

TEANECK, N.J., June 7, 2021 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) announced today that it has extended its relationship with global engineering company Aker Solutions to modernize and simplify its entire IT infrastructure, including its business technology network and application...

Downhole Tools Market to grow by USD 12.68 billion: COVID-19 Focused Report|Evolving Opportunities with Aker Solutions ASA and Archer Ltd.|Technavio

NEW YORK, June 3, 2021 /PRNewswire/ -- The downhole tools market is expected to grow by USD 12.68 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the downhole tools market in optimistic, probable, and...
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Aker Solutions Frequently Asked Questions

  • When was Aker Solutions founded?

    Aker Solutions was founded in 1841.

  • Who are Aker Solutions key executives?

    Aker Solutions's key executives are Luis Araujo, Ole Martin Grimsrud and Mark Riding.

  • How many employees does Aker Solutions have?

    Aker Solutions has 14,491 employees.

  • What is Aker Solutions revenue?

    Latest Aker Solutions annual revenue is kr29.3 b.

  • What is Aker Solutions revenue per employee?

    Latest Aker Solutions revenue per employee is kr2 m.

  • Who are Aker Solutions competitors?

    Competitors of Aker Solutions include TechnipFMC, Royal Boskalis Westminster and Van Oord.

  • Where is Aker Solutions headquarters?

    Aker Solutions headquarters is located at 8 Oksenøyveien, Bærum.

  • Where are Aker Solutions offices?

    Aker Solutions has offices in Bærum, Lysaker, Houston, Luanda and in 21 other locations.

  • How many offices does Aker Solutions have?

    Aker Solutions has 28 offices.