X3m News

Aker Solutions has acquired a fabrication facility in Sandnessjøen, Norway, to increase its fabrication capacity in the Norwegian Sea and further north. The purchase is part of Aker Solutions' northern Norway strategy. The facility, which is located at Helgelands Industrial Park in Sandnessjøen, Norway (Helgelands Næringspark), is being acquired from Ruukki Construction Norge AS. Historically, the core competence at the facility has been within fabrication of steel structures, including product deliveries to the oil industry. The transaction value is undisclosed. "As the oil and gas industry moves further north, it is important to build up our capacity in northern Norway.

Aker Solutions has signed an agreement to acquire the well intervention technology business from X3M (pronounced "Extreme") International. The acquisition will grow Aker Solutions' well intervention technology and service portfolio worldwide as well as increase the company's presence in the important Middle East market. X3M is an international niche provider of down-hole intervention service tools and technology products. Its core products are innovative down-hole tools like plugs, packers, hangers, valves and a complete range of setting and recovery tools.