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 Listing Initial investment
keyboard_arrow_downHMH
 Global full-service offshore and onshore drilling equipment provider 37% Yes, Nasdaq Global Select Market 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
37%

Listing
Yes, Nasdaq Global Select Market

Initial investment
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 2025: USD 822 million
Employees: 2,250
HQ: Houston and Kristiansand

Management
Eirik Bergsvik, CEO

Thomas McGee, CFO
 

Chairman of the board

Dan Rabun
keyboard_arrow_downNES Fircroft
 Global engineering and technical workforce solutions provider 15% ¹ No 2017 (Frontica Advantage merged with NES)

Service offering
Global engineering and technical workforce solutions provider

Ownership
15% ¹

Listing
No

Initial investment
2017 (Frontica Advantage merged with NES)

For more information, please visit nesfircroft.com
keyboard_arrow_downDDW Offshore AS
 Owner of 2 mid-sized Anchor Handling Tug Supply (AHTS) vessels 100% No 2014 (demerger)

Service offering
Owner of 2 mid-sized Anchor Handling Tug Supply (AHTS) vessels

Ownership
100%

Listing
No

Initial investment
2014 (demerger)

For more information, please visit ddwoffshore.com
keyboard_arrow_downAKOFS Offshore
 Global provider of subsea well construction and intervention services 66.7% No 2014 (demerger)

Service offering
Global provider of subsea well construction and intervention services

Ownership
66.7%

Listing
No

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 2025: USD 138 million
Employees: 360
HQ: Skøyen (Oslo), Norway

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

Chairman of the board
Eirik Thomassen 

 
keyboard_arrow_downABL Group
 Energy and marine consultancy company 4.5% Yes, Oslo Stock Exchange 2023

Service offering
Energy and marine consultancy company

Ownership
4.5%

Listing
Yes, Oslo Stock Exchange

Initial investment
2023

For more information, please visit abl-group.com
keyboard_arrow_downFøn Energy Services
 Independent service provider to the offshore wind industry 36% No 2021 (carved out from AGR in 2023)

Service offering
Independent service provider to the offshore wind industry

Ownership
36%

Listing
No

Initial investment
2021 (carved out from AGR in 2023)

For more information, please visit fonenergyservices.com
keyboard_arrow_downIKM Løfteteknikk AS
 Service provider within crane, lifting technology and lifesaving appliances 33% No 2025 (formed through carve-out of parts of Føn Energy Services)

Service offering
Service provider within crane, lifting technology and lifesaving appliances

Ownership
33%

Listing
No

Initial investment
2025 (formed through carve-out of parts of Føn Energy Services)

For more information, please visit https://www.ikm.no/ikm-lofteteknikk/
  1. Economic interest.
Company Transaction Deal size Date
HMH Sale of shares at IPO USD 21m 2026
Maha Capital Sale of shares SEK 37m 2026
Odfjell Drilling Sale of shares NOK 222m 2025
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 ¹ 2022
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
KOP 100% sale of KOP Surface Products to The Weir Group PLC USD 114m 2017
Northern Drilling Minority share sale (financial investment) NOK 88m 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. USD 75m cash + USD 20m seller credit settled in June 2023
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