Aker Solutions announced on Tuesday that it completed the sale of the principal operations within its Process and Construction (P&C) business area to Jacobs Engineering Group (Jacobs). 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, a company statement read.
Øyvind Eriksen, executive chairman, Aker Solutions said: “The prompt completion of this transaction and its positive financial effect, support our strategy to further concentrate Aker Solutions’ capability as a strong and dedicated provider of engineering, technologies, solutions and services for the upstream oil and gas industry. This is a very good outcome for all parties.”
“With the sale of these businesses to Jacobs and the transfer of the Union Construction and EPC Centre US operations to the new Aker Contractors company, Aker Solutions’ P&C business area has now been dissolved,” the Aker statement said.
