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Energy

Akastor

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.

www.akastor.com Norway, United States 11-50 employees
Total raised
$150M
Rounds
1
Latest
Post-IPO Debt
Jan 2022

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. Its most recent round was a Post-IPO Debt of $150M in Jan 2022. Full funding history, investors, and team are detailed below.

Funding history

1 round · 1 visible Unlock with plan

1 round on record.

Date
Round
Amount
Lead investor
Jan 26, 2022
Post-IPO Debt
$150M

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