Aker Solutions Sells Mooring and Loading Systems Business to Cargotec
(Thomson Reuters ONE) -
30 October 2013 - Aker Solutions today agreed to sell its mooring and loading
systems business to Cargotec for an enterprise value of NOK 1.4 billion, or
about EUR 180 million.
The unit, known for the Pusnes brand name, provides mooring equipment, loading
and offloading systems, as well as deck machinery for the global offshore and
shipping markets. Aker Solutions will book a gain of about NOK 1 billion from
the sale.
"The proceeds will be used to develop Aker Solutions' main business in the
deepwater and subsea oil-services segments," says Øyvind Eriksen, executive
chairman of Aker Solutions. "While the mooring and loading systems unit for many
years has generated healthy returns and enjoys a strong market position, it has
limited synergies with the rest of the company."
The division employs about 370 people in Europe, Asia and the Americas and has
its main office in Arendal, Norway. It generated revenue of NOK 1.1 billion and
earnings before interest, tax depreciation and amortisation of NOK 158 million
in 2012.
Leif Haukom, who heads the business area at Aker Solutions, will continue to
lead the unit after the transaction.
The transaction, structured as a share sale, is set to be completed in the first
quarter of 2014, pending approval from competition authorities.
ENDS
For further information, please contact:
Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel:
+47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani(at)akersolutions.com.
Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194, E-mail: lasse.torkildsen(at)akersolutions.com
Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company's knowledge and technologies
span from reservoir to production and through the life of a field.
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
28 000 people in more than 30 countries. We apply the knowledge and create and
use technologies that deliver our customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2012 Aker Solutions had aggregated
annual revenues of approximately NOK 45 billion. The company is listed on the
Oslo Stock Exchange.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
[HUG#1739158]
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 310938
Anzahl Zeichen: 3687
contact information:
Town:
Lysaker
Kategorie:
Business News
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"Aker Solutions Sells Mooring and Loading Systems Business to Cargotec"
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