Kvaerner
Mid-20th century: Kvaerner and Aker were both international corporations with activities in shipbuilding, hydro-power, wood-processing and other process operations, mechanical workshops and other industries.
1970s-90s The companies developed their capabilities and experience as suppliers of complete solutions to offshore and onshore oil and gas and processing projects.
c1971 Kvaerner set up representative office in Newcastle as Kvaerner (UK)
1996 Kvaerner acquired Trafalgar House[1]. A new structure was established to bring together the UK-based oil and gas activities of 2 of Kvaerner's subsidiaries and 2 of Trafalgar House's subsidiaries; the new business would be called Kvaerner Oil and Gas[2]
1998 A. V. Dawson purchased the Lin-Din site at Middlesbrough from Kvaerner Oil & Gas. The site included the three 42-metre-high fabrication halls and a load out area and two berths immediately in front of the halls. The two berths were rebranded as North Sea Supply Base Number 1 and Number 2 to illustrate a major focus on the oil and gas sector. [3]
1999 Kvaerner had decided to move away from shipbuilding; in 1999 it sold Govan and had disposed of another yard but there were still another 11 to sell[4]
2000 Skanska Construction Group acquired Kvaerner's construction businesses including Cementation
2002 The former Kvaerner Group and the Aker Maritime Group (comprising the oil and gas activities of the wider Aker group) were merged, and started to operate as one company under the name Kvaerner.
2004 Following a restructuring of both Aker and Kvaerner, Aker Kvaerner was established and was listed on the Oslo Stock Exchange.
2008 Aker Kvaerner changed its name to Aker Solutions.
2011 Kvaerner was demerged as a specialist EPC (engineering, procurement and construction) company addressing the global market.
See Also
Sources of Information
- [2] Kvaerner