Aker Finnyards Inc News

The announced merger of Kvaerner Masa-Yards and Aker Finyards — both members of the Aker Yards Groups — draws to a conclusion nearly a decade of change within the Finnish shipbuilding community, while providing the technically talented and market capable company with a clear vision for the future. Long an elite member of the world's select fraternity of "high value ship" builders, the Finnish maritime community has built and maintained a leadership in several technically demanding categories — cruise shipping, LNG carriers and ice ship technology, to name but a few — despite the country's relatively small size, environmental challenges and fierce competition from lower cost competitors in the Far East Aker Yards Group recently announced the merger of Kvaerner Masa-Yards Inc.

Kronodoc Oy signed a purchase contract with Aker Finnyards Inc., the former Kvaerner Masa-Yards Inc. In addition to the delivery of the Kronodoc product, the contract includes services to implement the Kronodoc product in document management and collaboration functions throughout Aker Finnyards` design processes; to integrate the product to existing yard systems; to migrate data from existing document management systems to Kronodoc; and to train key users and administrators in the use of the system.