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
keyboard_arrow_downMHWirth
Global provider of drilling systems, products and services 100% 2014 (demerger)

Service offering
Global provider of drilling systems, products and services

Ownership
100%

Initial investment
2014 (demerger)

About
MHWirth is a leading global provider of integrated drilling solutions and services with world class technology and leading engineering and project management capabilities. MHWirth has a global reach covering five continents with offices in 12 countries.

For more information: mhwirth.com

Revenues 2020: NOK 3,760m
Employees: 1,581
HQ: Kristiansand, Norway

Management
Eirik Bergsvik, CEO
Dag Stenevik, CFO

Chairman of the board
Pete Miller

keyboard_arrow_downAKOFS Offshore
Global provider of subsea well construction and intervention services 50% 2014 (demerger)

Service offering
Global provider of subsea well construction and intervention services

Ownership
50%

Initial investment
2014 (demerger)

About
AKOFS Offshore is a provider of vessel-based subsea well construction and intervention services to the oil and gas industry. The company has a highly competent and diverse organization, covering all phases from conceptual development to project execution and offshore operations.

For more information: akofsoffshore.com

Revenues 2020: NOK 1,000m
Employees: 294
HQ: Skøyen (Oslo), Norway

Management
Geir A. Sjøberg, CEO
Fredrik N. Hunstad, CFO

Chairman of the board
Paal E. Johnsen

keyboard_arrow_downAGR
Global provider of well design and drilling project management, HSEQ, reservoir and field management services 64%* 2019

Service offering
Global provider of well design and drilling project management, HSEQ, reservoir and field management services

Ownership
64%*

Initial investment
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.

*Economic interest | 100% legal ownership

For more information: agr.com

Revenues 2020: NOK 637m
Employees: 319
HQ: Skøyen (Oslo), Norway

Management
Svein Sollund, CEO
Snorre Woll, CFO

Chairman of the board
Paal E. Johnsen

keyboard_arrow_downCool Sorption
Vapour recovery technology, systems and services to oil and gas installations 100% 2014 (demerger)

Service offering
Vapour recovery technology, systems and services to oil and gas installations

Ownership
100%

Initial investment
2014 (demerger)

About
Cool Sorption is a major supplier of Vapour Recovery Units (VRU) and systems. Cool Sorption enjoys a complete product portfolio, which ranges from small compact units to the industry’s most complex systems, making it a recognized technology provider worldwide

For more information: coolsorption.com

Revenues 2020: NOK 132m
Employees: 30
HQ: Copenhagen, Denmark

Management
Tine Høj Andersen, CEO
Mia Knudsen, CFO

Chairman of the board
Haakon Berg

Company Service offering Ownership Initial investment
keyboard_arrow_downNES Fircroft
Global Oil & Gas Manpower specialist 15% 2017

Service offering
Global Oil & Gas Manpower specialist

Ownership
15%

Initial investment
2017

For more information, please visit nesfircroft.com

keyboard_arrow_downOdfjell Drilling
International drilling, well service and engineering company with 2,000 employees and operations in more than 20 countries USD 75m preferred equity 2018

Service offering
International drilling, well service and engineering company with 2,000 employees and operations in more than 20 countries

Ownership
USD 75m preferred equity

Initial investment
2018

For more information, please visit odfjelldrilling.com

keyboard_arrow_downAwilco Drilling
North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs 5.6% 2018

Service offering
North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs

Ownership
5.6%

Initial investment
2018

For more information, please visit awilcodrilling.com

keyboard_arrow_downDDW Offshore AS
Company owning 5 mid-sized AHTS vessels. 100% 2014 (demerger)

Service offering
Company owning 5 mid-sized AHTS vessels.

Ownership
100%

Initial investment
2014 (demerger)

For more information, please visit ddwoffshore.com

CompanyTransactionDeal sizedate
AKOFS Offshore50% sale to form joint venture with Mitsui and MOLUSD 142.5m2018
Northern DrillingMinority share sale (financial investment)NOK 88m2017
KOP100% sale of KOP Surface Products to The Weir Group PLCUSD 114m2017
Frontica AdvantageFrontica Advantage merges with NES Global TalentNOK 400m2017
Fjords100% sale of Fjords Processing to National Oilwell Varco (NOV)NOK 1,200m2016
Frontica Business Solutions100% sale of Frontica Business Solutions to CognizantNOK 1,025m2016
MPO100% sale of Managed Pressure Operations (MPO) to AFGlobalUSD 10m (1)2016
Real EstateSale of real estate portfolio to Aker ASANOK 1,243m2015

1) Plus earnout of max USD 65m

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