Investments
Akastor’s focus and goal is to create added value in our holdings by being an active owner and to make value-generating transactions. Akastor is able to make a contribution as a financially robust, well established and committed owner with clear goals for growth and profitability. Our origin, solid industrial know-how and flexibility make us an attractive owner in many situations.
| Company | Service offering | Ownership | Initial investment |
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keyboard_arrow_downAGR
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Global provider of well design and drilling project management, HSEQ, reservoir and field management services | 64%¹ | 2019 |
About AGR is the leading well design and drilling project management, HSEQ, reservoir and field management service company delivering solutions for the entire field life cycle. AGR also provide rig procurement, tailored training, software and technical manpower for clients globally. ¹Economic interest (100% legal ownership) For more information: agr.com Revenues 2021: NOK 723m Management Chairman of the board |
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keyboard_arrow_downAKOFS Offshore
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Global provider of subsea well construction and intervention services | 50% | 2014 (demerger) |
About For more information: akofsoffshore.com Revenues 2021: USD 147m Management Chairman of the board |
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keyboard_arrow_downHMH
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Global full-service offshore and onshore drilling equipment provider | 50% | 2014 (demerger) |
About For more information: hmhw.com Revenues 2021: USD 568m CEO & Chairman |
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| Company | Service offering | Ownership | Initial investment |
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keyboard_arrow_downAwilco Drilling
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North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs | 6.8% | 2018 |
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keyboard_arrow_downOdfjell Drilling
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International drilling, well service and engineering company with 2,000 employees and operations in more than 20 countries | Warrant structure, with a max. potential of 6.8 million shares | 2018 |
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keyboard_arrow_downNES Fircroft
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Global engineering and technical workforce solutions provider | 15% | 2017 |
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keyboard_arrow_downDDW Offshore AS
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Company owning 5 mid-sized AHTS vessels. | 100% | 2014 (demerger) |
| Company | Transaction | Deal size | Date |
| Cool Sorption | 100% sale of Cool Sorption to Diamond Key International Pty. Ltd | DKK 20m | 2023 |
| Odfjell Drilling | Sale of preferred equity holding | USD 95m¹ | 2022 |
| MHWirth | Merged with Baker Hughes Subsea Drilling Systems to create HMH | N/A² | 2021 |
| First Geo | Merged with AGR with AGR as the continuing entity | NOK 270m | 2019 |
| AKOFS Offshore | 50% sale to form joint venture with Mitsui and MOL | USD 142.5m | 2018 |
| Northern Drilling | Minority share sale (financial investment) | NOK 88m | 2017 |
| KOP | 100% sale of KOP Surface Products to The Weir Group PLC | USD 114m | 2017 |
| Frontica Advantage | Frontica Advantage merges with NES Global Talent | NOK 400m | 2017 |
| Fjords | 100% sale of Fjords Processing to National Oilwell Varco (NOV) | NOK 1,200m | 2016 |
| Frontica Business Solutions | 100% sale of Frontica Business Solutions to Cognizant | NOK 1,025m | 2016 |
| MPO | 100% sale of Managed Pressure Operations (MPO) to AFGlobal | USD 10m | 2016 |
| Real Estate | Sale of real estate portfolio to Aker ASA | NOK 1,243m | 2015 |
¹ Incl. USD 20m seller’s credit.
² 50% ownership in HMH. As part of the structure, Akastor also received a gross cash consideration from HMH of USD 100m at closing.