AKER ASA

(Redirected from Aker RGI)

'Aker' () is a Norwegian holding company engaged within offshore, fishing, construction and engineering. The company is listed on Oslo Stock Exchange and is controlled by Kjell Inge Røkke with 66.66% ownership through TRG Holding. The corporate headquarters are located in Oslo, Norway.

Contents

Companies in the Aker Group

History

See also

Companies in the Aker Group

★ Aker American Shipping (53.4%)

★ Aker Capital (100%)

★ Aker Drilling (35.3%)

★ Aker Floating Production (44.3%)

★ Aker Holding (60%, and thus indirectly 24% of Aker Kværner)

★ Aker Seafoods (65.0%)

★ Aker Yards (10.1%)

★ Aker Material Handling (100%)

★ Aker BioMarine (100%)

History

'Aker Mekaniske Verksted', located on the Aker River in Oslo, started up in 1841, at first producing a variety of mechanical equipment but later focusing on shipbuilding. In the 19th century the company focused on construction of whaling-, passenger- and cargo ships. The company later started production of tankers. In the 1970s Aker entered the petroleum marked, producing oil platforms. In the 1980s Aker merged with Norcem creating a large cement group in Norway with focus on the offshore industry. This part of the group was sold in 1999.
Kjell Inge Røkke used his investment company Resource Group International to purchase large amounts of Aker shares, and merged the two companies in 1996 to form 'Aker RGI'. Through the listed partial subsidiary, Aker Maritime, Aker acquired competitor offshore engineering and construction company Kværner in 2000 and merged Aker Maritime and Kværner into Aker Kværner. Kværner had been through major economical trouble due to a bad market in the late 1990s because of low oil price and the failed purchase of the British company Trafalgar House. After the merge the holding company changed its name back to just Aker.

See also

★ List of oldest companies