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  • Aker Solutions sells its principal Process and Construction businesses to Jacobs Engineering Group

    Aker Solutions has completed the sale of the principal operations within its Process and Construction business area to Jacobs Engineering Group Inc. (Jacobs). As disclosed on 22 December 2010, the transaction does not include the US EPC centre in Houston, and the Union Construction business located in the US and Canada, which will all be part of the new Aker Contractors company. Aker Solutions retains Aker Projects (Shanghai) Company Limited until such time as the requisite regulatory clearances in China have been obtained. The final transaction value will be based on the balance sheet as of the closing date. Aker Solutions confirms the estimates given in the announcement on 22 December 2010. The purchase price as determined prior to any adjustments based on the closing date balance sheet has been paid in cash, of which USD 30 million to an escrow account pending China regulatory clearance for the sale of Aker Projects (Shanghai) Company Limited to Jacobs.

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2013 Fracturing Technology

2013 Fracturing Technology