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.

Industrial Investments
Financial Investments
Divestments

Company	Service offering	Ownership	Initial investment
HMH	Global full-service offshore and onshore drilling equipment provider	50%	2014 (demerger). HMH formed in 2021 following combination of MHWirth and Baker Hughes’ Subsea Drilling Systems division.
Service offering Global full-service offshore and onshore drilling equipment provider Ownership 50% Initial investment 2014 (demerger). HMH formed in 2021 following combination of MHWirth and Baker Hughes’ Subsea Drilling Systems division. About HMH delivers a global full-service offshore and onshore drilling equipment offering that provides a broad portfolio of products and services. The portfolio also includes providing equipment and services for other industries including civil construction, offshore wind, mining and more. For more information: hmhw.com Revenues 2022: USD 675 million Employees: 2,099 HQ: Houston and Kristiansand CEO & Chairman Eirik Bergsvik
AKOFS 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 2022: NOK 1 453 million Employees: 348 HQ: Skøyen (Oslo), Norway Management Geir A. Sjøberg, CEO Fredrik N. Hunstad, CFO Chairman of the board Paal E. Johnsen

Company	Service offering	Ownership	Initial investment
NES Fircroft	Global engineering and technical workforce solutions provider	Economic interest	2017
Service offering Global engineering and technical workforce solutions provider Ownership Economic interest Initial investment 2017 For more information, please visit nesfircroft.com
DDW Offshore AS	Company owning 3 mid-sized AHTS vessels.	100%	2014 (demerger)
Service offering Company owning 3 mid-sized AHTS vessels. Ownership 100% Initial investment 2014 (demerger) For more information, please visit ddwoffshore.com
ABL Group	Offers independent energy and marine consultancy to the global renewables, maritime and oil and gas sectors	4.9%	2023
Service offering Offers independent energy and marine consultancy to the global renewables, maritime and oil and gas sectors Ownership 4.9% Initial investment 2023 For more information, please visit abl-group.com
Maha	International upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas	1.7%	2023
Service offering International upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas Ownership 1.7% Initial investment 2023 For more information, please visit mahaenergy.ca/en/
Føn Energy Services	Independent service provider to the offshore and onshore wind industry and traditional energy sectors	44%	2021 (carved out from AGR in 2023)
Service offering Independent service provider to the offshore and onshore wind industry and traditional energy sectors Ownership 44% Initial investment 2021 (carved out from AGR in 2023) For more information, please visit fonenergyservices.com
Odfjell Drilling	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
Service offering International drilling, well service and engineering company with 2,000 employees and operations in more than 20 countries Ownership Warrant structure, with a max. potential of 6.8 million shares Initial investment 2018 For more information, please visit odfjelldrilling.com
Awilco Drilling	North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs	6.8%	2018
Service offering North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs Ownership 6.8% Initial investment 2018 For more information, please visit awilcodrilling.com

¹ 15% ownership in NES Fircroft.

Company	Transaction	Deal size	Date
AGR	100% sale to ABL Group against a combination of shares in ABL and cash	NOK 353m	2023
Cool Sorption	100% sale of Cool Sorption to Diamond Key International Pty. Ltd	DKK 20m	2023
Odfjell Drilling	Sale of preferred equity holding	USD 95m	2022
MHWirth	Merged with Baker Hughes Subsea Drilling Systems to create HMH	N/A¹	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 50% ownership in HMH. As part of the structure, Akastor also received a gross cash consideration from HMH of USD 100m at closing.