M&A Deal Summary

Aker Solutions Acquires Unitech Power

On February 7, 2022, Aker Solutions acquired utilities company Unitech Power

Acquisition Highlights
  • This is Aker Solutions’ 1st transaction in the Utilities sector.
  • This is Aker Solutions’ 5th transaction in Norway.

M&A Deal Summary

Date 2022-02-07
Target Unitech Power
Sector Utilities
Buyer(s) Aker Solutions
Deal Type Add-on Acquisition

Target

Unitech Power

Stavanger, Norway
Unitech Power engages in the design, analysis, and review of electrical power systems. Unitech Power provides services within all project phases, from early concept development to commissioning, measurements, operation, and incident investigations in the electrical power system. Unitech Power was established in 1985 and is based in Stavanger, Norway.

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Buyer(S) 1

Buyer

Aker Solutions

Fornebu, Norway

Category Company
Founded 1841
Sector Energy Services and Equipment
Employees12,000
Revenue 52.4B NOK (2024)
DESCRIPTION
Aker Solutions office in Houston, Texas.
Aker Solutions office in Houston, Texas.

Aker Solutions is a Norwegian oilfield services company. Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry. Aker Solutions was incorporated in 1841 and is based in Fornebu, Norway.


DEAL STATS #
Overall 12 of 13
Sector: Utilities M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 13
Country: Norway M&A 5 of 6
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-30 Reinertsen AS

Trondheim, Norway

Reinertsen AS is a maintenance and modifications supplier in Norwegian offshore market.

Buy Nkr213M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 Rainpower

Lillestrom, Norway

Rainpower develops, produces and delivers hydropower turbines, control systems and associated equipment for clients and projects worldwide. Rainpower was founded in 2007 and is based in Lillestrom, Norway.

Buy -