Aker Solutions Eyeing Acquisitions

Monday, February 11, 2019

Oil services firm Aker Solutions is considering whether to make acquisitions to boost its business, Chief Executive Luis Araujo told Reuters.

"We are confident that we can go alone, but if opportunities appear to bring more value to our shareholders we will consider that," Araujo said on the sidelines of the Norwegian company's fourth-quarter earnings presentation on Friday.

"Now when the market is picking up, there might be more consolidation," he added.


(Reporting by Nerijus Adomaitis, writing by Terje Solsvik, editing by Gwladys Fouche)

Categories: Mergers & Acquisitions Industry News

Related Stories

AST Reygar Launches SOV Remote Monitoring System

Masdar, SOCAR and ACWA Set Sights on 3.5GW Offshore Wind Projects in Azerbaijan

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Current News

Oil Edges to 2-Week High on Ukraine News

EMGS to Conduct CSEM Survey Offshore India

Poland to Open New Areas for Offshore Wind Development in Baltic Sea

Swedish Firm Eyes Multi-Megawatt Wave Energy Farm Off Grenada

Subscribe for OE Digital E‑News