Aker Solutions Expands North Norway Presense With New Purchase

To buy Norwegian engineering firm provides engineering and project management services to the oil & gas & construction industries in the in the Petro Næringshage in Norway.

Aker Solutions ASA, Oslo, Norway, (Oslo: AKSO) plans to acquire the legal entity Sandnessjøen Engineering AS, whose owners are Norway-based Alsten Management AS, Maritime Venture AS and Rana Skipsaksjeselskap AS, for an undisclosed price.

Sandnessjoeen Engineering provides engineering and project management services to the oil and gas and construction industries in the in the Petro Næringshage in Sandnessjoeen, Norway, a central key location for services to several oil and gas fields in the Norwegian Sea.

The acquisition of Norway’s Sandnessjøen Engineering is expected to strengthen Aker Solutions' presence in northern Norway and grow the company's engineering capacity for offshore projects, according to Aker Solutions.

"Our ambition is to double the company's workforce from the current 24 over the next couple of years. The pace of growth will of course depend on our success in the market and our ability to recruit first-class team members," says Tore Sjursen, head of maintenance, modifications and operations, Aker Solutions.

Sandnessjøen will work closely with Aker’s new Tromsø office as well as its other engineering hubs throughout Norway. Aker Solutions in Sandnessjøen will continue to be headed by Halvard Lie, who was managing director for Sandnessjøen Engineering.

The transaction is expected to be completed by mid-February.