About Aker Solutions
Aker Solutions is a company based in Oslo (Norway) founded in 1841 was acquired by Halliburton in March 2017. It operates as a Professional Services, and Managed Services. The company has 11,780 employees as of December 31, 2024. Aker Solutions has completed 4 acquisitions, including CSE Mecanica, Enovate and Unitech Power Systems. Aker Solutions offers products and services including Engineering Services, Renewable Energy Solutions, and Subsea Production Systems. Aker Solutions operates in a competitive market with competitors including AspenTech, CSE Global, Tachyus, SitePro and FutureOn, among others.
- Headquarter Oslo, Norway
- Employees 11780 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aker Solutions Asa
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Annual Revenue
$4.6 B (USD)45.48as on Dec 31, 2024
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Net Profit
$234.29 M (USD)38.77as on Dec 31, 2024
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EBITDA
$318.85 M (USD)335.54as on Dec 31, 2024
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Latest Funding Round
$18.61 M (USD), Grant
Sep 01, 2020
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Investors
Halliburton
& 2 more
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Employee Count
11780
as on Dec 31, 2024
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Investments & Acquisitions
CSE Mecanica
& 3 more
- Acquired by
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IPO & Listings of Aker Solutions
Aker Solutions is a publicly listed company on the OSL with ticker symbol AKSO in Norway, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Aker Solutions
Aker Solutions offers a comprehensive portfolio of products and services, including Engineering Services, Renewable Energy Solutions, and Subsea Production Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Engineering services are provided for energy project development.
Renewable energy solutions are developed for sustainable power needs.
Subsea systems are designed for offshore energy extraction.
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Software Development Team
41 people
Leadership Team
34 people
Senior Team
33 people
Human Resources and Administration
21 people
Product Management Team
12 people
Finance and Accounting
9 people
Project Team
7 people
Sales and Marketing
6 people
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Funding Insights of Aker Solutions
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $18.6M
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First Round
First Round
(01 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Grant - Aker Solutions | Valuation |
investors |
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| Jan, 2018 | Amount | Debt – Conventional - Aker Solutions | Valuation |
investors |
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| Jan, 2018 | Amount | Grant - Aker Solutions | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aker Solutions
Aker Solutions has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Halliburton, EQT and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Oilfield products and services are provided to the energy sector.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aker Solutions
Aker Solutions has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include CSE Mecanica, Enovate and Unitech Power Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of well completion and intervention sector related services
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2002 | ||||
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Industrial transformers and UPS systems are manufactured and traded.
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1997 | ||||
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Multiple types of electrical equipment are manufactured.
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1985 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Aker Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aker Solutions Comparisons
Competitors of Aker Solutions
Aker Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AspenTech, CSE Global, Tachyus, SitePro and FutureOn, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based software for manufacturing process optimization is offered.
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| domain | founded_year | HQ Location |
System integration and automation solutions are provided for industrial applications.
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| domain | founded_year | HQ Location |
AI-driven hardware and software are provided for oil production optimization.
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| domain | founded_year | HQ Location |
Provider of cloud-based software solutions for water and wastewater management
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| domain | founded_year | HQ Location |
Cloud-based digital twin software is provided for oilfield asset management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aker Solutions
Frequently Asked Questions about Aker Solutions
When was Aker Solutions founded?
Aker Solutions was founded in 1841 and raised its 1st funding round 177 years after it was founded.
Where is Aker Solutions located?
Aker Solutions is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
How many employees does Aker Solutions have?
As of Dec 31, 2024, the latest employee count at Aker Solutions is 11,780.
What is the annual revenue of Aker Solutions?
Annual revenue of Aker Solutions is $4.6B as on Dec 31, 2024.
What does Aker Solutions do?
Aker Solutions is involved in providing integrated solutions, products, and services to the global energy sector. The company is focused on enabling low-carbon oil and gas production while also developing renewable energy solutions to address future energy demands. Operations span across front-end studies, engineering services, subsea production systems, and maintenance projects. Strategic partnerships and digital technology are utilized to ensure safe and sustainable project delivery in both offshore and onshore environments.
Who are the top competitors of Aker Solutions?
What products or services does Aker Solutions offer?
Aker Solutions offers Engineering Services, Renewable Energy Solutions, and Subsea Production Systems.
Is Aker Solutions publicly traded?
Yes, Aker Solutions is publicly traded on OSL under the ticker symbol AKSO.
How many acquisitions has Aker Solutions made?
Aker Solutions has made 4 acquisitions, including CSE Mecanica, Enovate, and Unitech Power Systems.
Who are Aker Solutions's investors?
Aker Solutions has 3 investors. Key investors include Halliburton, EQT, and European Union.
What is Aker Solutions's ticker symbol?
The ticker symbol of Aker Solutions is AKSO on OSL.
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