Aker Solutions Update on Company Hive-Off
Aker Solutions informs updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split of the business at the end of September. Previous pro forma financial information was disclosed in the information memorandum of July 11, 2014, and the second-quarter 2014 results published July 17 this year. The updated financial information reflects a decision in August by the board of directors to transfer the Aker Geo AS business unit to Akastor instead of keeping it within the new Aker Solutions as previously announced. The figures have also been revised because of continued work to reflect the financial performance of the two new companies as accurately as possible.
Aker Solutions Makes Management Changes
Aker Solutions announced organizational changes in its Subsea and Products & Technologies business areas. It also announced changes in the company's executive management team. The changes involve an integration of Aker Marine Contractors, Aker Well Service and Aker Geo into the Subsea business area. In combination with our ownership and cooperation with Aker Oilfield Services, the new structure will also leverage our well intervention services offering. Until now these business units have been part of the Products & Technologies business area. In addition the drilling riser business will be transferred from Subsea to the Products & Technologies business area to further strengthen our drilling solutions.
Aker Maritime, Aker RGI In Assets Deal
Aker Maritime is reportedly taking full control of Aker Geo from industrial holding company Aker RGI.
