Akastor has received an award for Best Oilfield Services Investor Global 2021, by CFI.co, Capital Finance International.
In its statement regarding the award, the judging panel at CFI.co writes; “Akastor is an investor with a solid track record within the energy sector, making value-generating transactions and contributing industrial knowhow to spur growth and profitability. It looks for exits based on good timing and attractive terms […] Most recently, Akastor has demonstrated ability to carry through transactions also in a complex market environment through the combination between MHWirth, an Akastor portfolio company, and Baker Hughes’ subsea drilling division to create HMH […] Also, Akastor has strong focus on developing energy-efficient technologies within its portfolio companies to reduce adverse impact on the environment caused by their own and its customers’ operations.”
The award is viewed as an acknowledgement of the efforts and accomplishments of Akastor and its portfolio companies.
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CFI.co (Capital Finance International), a print journal and online resource reporting on business, economics and finance, recognises that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge. Headquartered in London, the world’s most multicultural city, CFI.co brings you coverage and analysis of the drivers behind change. Combining the views of leading multilateral and national organisations with thought leadership from some of the world’s top minds – our dedicated editorial team ensure that readers better understand the forces influencing and reshaping the global economy.
Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.