Ownership Structure

Akastor

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings, real estate and other investments. The company has a flexible mandate for active ownership and long-term value creation.

The portfolio comprises: drilling systems and lifecycle services supplier MHWirth; vessel-based subsea well construction and intervention services provider AKOFS Offshore; surface oil and gas equipment supplier KOP Surface Products; and other smaller sized holdings. The portfolio businesses are developed as stand-alone entities under the Akastor umbrella and represent the Company’s four reporting segments. Akastor operates globally and has a number of subsidiaries located worldwide.

Akastor has a range of strategic, operational and financial value-creating measures at its disposal, including operational improvements and organic growth, acquisitions and divestments, and financial measures. The aim is to maximize value potential of each entity by clarifying the portfolio companies’ business models, capitalize on their market positions, and strengthen underdeveloped areas of value creation.

Akastor is an investment company with a portfolio of companies in the oilfield services sector with a flexible mandate for active ownership and long-term value creation. Aker Kværner Holding AS, which is 70 percent owned by Aker ASA and 30 percent by the Norwegian government, is the largest shareholder of Akastor with a shareholding of 40.27 percent. Aker ASA also has a direct shareholding in Akastor of 8.5 percent. The shares of Akastor are traded on the Oslo Stock Exchange under the ticker AKA. The Akastor portfolio of companies had a total net capital employed of NOK 8.1 billion at the end of 2016.

 

About Us

As the largest subsidiary of Akastor, MHWirth has a global span covering five continents with offices in more than 16 countries.

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News & Media

All the latest news and press releases from MHWirth. You will also find our video stories and info about a wide range of events MHWirth have around the world.

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Our Products

From rig operators, drilling contractors, shipbuilding and offshore companies, we provide our customers with cutting-edge solutions.

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