Aker Solutions ASA, an engineering company based in Oslo, provides the products, systems and services required to unlock energy from sources such as oil, gas, offshore wind and capture. The company, founded in 1841, was known as Aker Kværner until 2008. In 2020, the company announced a merger with Kværner ASA Aker Kværner (OSE: AKVER) was founded in 2004 from the major restructuring of a complex "Aker Kværner" business unit, formed originally in 2002 by the merger of Aker Maritime and Kværner Oil & Gas. On 3 April 2008, Aker Kværner was renamed Aker Solutions, partly due to the difficulty that most non-Scandinavians found in pronouncing "Kværner". The company was majority controlled by Aker ASA until 2007. Then, via a major ownership restructuring on 22 June 2007, Aker ASA completely gave up its holding in Aker Solutions, and transferred a 40% stake to Aker Holding, which in turn was owned by Aker ASA (60%), the Norwegian Ministry of Trade and Industry (30%), SAAB (7.5%) and Investor AB (2.5%). History Aker Solutions is a result of mergers between several Norwegian companies during the 20th century. Evolution of Aker Kvaerner: 1841 to 2002 The timeline below summarizes the main events leading to the foundation of Aker Kvaerner—from its origins as Aker Mechanical Workshop (1841)—until the merger of Aker Maritime with Kværner Oil & Gas to form Aker Kvaerner (2002). Timeline 1841: Aker established its first mechanical workshop along the Aker river in Oslo called Aker Mechanical Workshop 1853: Kværner Brug was founded in Oslo. 1922: Kværner Brug began cooperation with Myrens Verksted 1943: Kværner and Myren jointly acquired the majority shareholding in Thunes Mekaniske Verksted. 1960: Kværner Brug's president, Kjell Langballe, was appointed president of all companies within the 'Kværner Group' 1967: Joint holding company Kværner Industries AS was established in December that year, and listed on the Oslo Stock Exchange. The Kværner Group comprised 10 Norwegian companies with 3,200 employees and operating revenues of NOK 385 million. It entered the offshore oil and gas market from its base in Oslo through Kværner Engineering, which was established as an engineering and contracting company in the late 1960s. 1978: Offshore construction work started at Kværner Egersund, and during this period the shipyard in Stavanger was converted into an offshore fabrication facility. 1993: Construction work began at the Guantanamo Bay detention camp through its jointly owned subsidiary, Kværner Process Services Inc. (KPSI), initiating a