Akastor: Funding, Investors & Team (Aug 2026)

Akastor ASA (hereinafter referred to as Akastor) is an investment company based in Norway with a portfolio of companies in the oilfield services sector in addition to other smaller-sized holdings. The portfolio companies of Akastor were organized as independent companies following the demerger of Aker Solutions ASA in September 2014. Akastor was the surviving entity in the demerger, and subsequently has been established as an investment company with independent portfolio companies, responsible for all aspects of their own operations. The portfolio comprises: drilling systems and lifecycle services supplier MHWirth; vessel-based subsea well construction and intervention services provider AKOFS Offshore; and other smaller sized holdings. The portfolio businesses are developed as standalone entities under the Akastor umbrella and represent the Company’s reporting segments. Akastor operates globally and has a number of subsidiaries located in Australia, Canada, China, Germany, Indonesia, Malaysia, the Netherlands, Norway, Singapore, the United Kingdom, the United Arab Emirates, and the United States, among others. Aker Kværner Holding AS, which is owned by Aker ASA and the Norwegian government, is the largest shareholder of Akastor with a shareholding of 40.27 percent. The shares of Akastor are traded on the Oslo Stock Exchange under the ticker AKA.

Akastor has raised $150M across 1 round on record. The most recent is a Post-IPO Debt of $150M announced in Jan 2022.

Akastor's most recent funding round on record is a Post-IPO Debt of $150M, announced in Jan 2022.

Karl Erik Kjelstad is listed as CEO at Akastor.

Akastor is based in Norway, South Carolina, United States.

Akastor is in the 11-50 employee band.

Akastor's latest round of $150M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.