Akastor ASA

Akastor ASA is an oil-services investment company headquartered at Fornebu outside Oslo, Norway, managing a diverse portfolio of industrial and financial holdings primarily in the oilfield services sector. Established in 2014 following a demerger from Aker Solutions, it traces its roots to the Aker Group, founded over 170 years ago in 1841. With a flexible mandate for active ownership, Akastor focuses on long-term value creation through strategic oversight, transactions, and integration of portfolio companies. Key holdings include MHWirth, a global leader in integrated drilling solutions and services with advanced engineering for offshore rigs; AKOFS Offshore, providing subsea well construction and intervention via specialized vessels; and AGR, offering well design, project management, and reservoir services. Partial stakes cover workforce specialist NES Fircroft and others in vapour recovery and drilling. As of end-2024, net capital employed stood at NOK 5.0 billion, underscoring its scale in energy markets. Akastor emphasizes responsible ownership, advancing energy transition initiatives like carbon capture, offshore wind, and digital solutions while supporting UN Sustainable Development Goals in decent work, responsible consumption, climate action, and governance. Aker Holding AS holds 36.7% ownership, positioning Akastor as a significant player in industrial investments.