Akastor is an oil-services investment company with a portfolio of industrial and financial holdings. The company has a flexible mandate for active ownership and long-term value creation.
Akastor was established as an investment company in 2014 following a demerger of Aker Solutions with a portfolio of companies. As a descendant of the Aker group, Akastor can trace its roots back more than 170 years to the founding of the Aker Mechanical Workshop on the banks of the Akerselva river in Oslo in 1841.
Aker Kværner Holding AS, which is owned by Aker ASA and the Norwegian government, is the largest shareholder of Akastor with a shareholding of 40.27 percent. The shares of Akastor are traded on the Oslo Stock Exchange under the ticker AKA. The Akastor head quarter is situated at Fornebu outside Oslo, Norway and the business has a global presence.
Akastor’s portfolio companies generated 2018 revenues of NOK 4.9 billion, EBITDA of NOK 733 million and employ ~2 000 people worldwide.