Aker Solutions

What Aker Solutions does

Aker Solutions ASA is a Norwegian-headquartered energy services company providing integrated engineering, procurement, construction, and installation (EPCI) services to the global energy industry. Founded in 1841 and headquartered in Fornebu, Norway, the company serves major oil and gas operators (Equinor, Aker BP, ConocoPhillips, ExxonMobil Canada) as well as industrial emitters pursuing decarbonization through carbon capture, utilization, and storage (CCUS). With 11,800 employees across 36 office locations in Norway, the UK, India, Malaysia, the US, and Canada, Aker Solutions operates across three principal domains: subsea production systems (including a 20% stake in the SLB OneSubsea joint venture, holding 20% market share in subsea trees), CCUS and new energies projects (Northern Lights, Brevik, Hafslund Celsio, Oslo CCS), and lifecycle services spanning asset integrity, maintenance, modifications, and operations.

The company's technology stack combines traditional offshore engineering capabilities with digital systems delivered through the Aker Digital Alliance (ADA), a platform connecting Aker Solutions, Aker BP, Cognite, and Aize for digital twin, augmented reality, and additive manufacturing workflows. Proprietary digital tools include the IX, VCP, CE, and PEC applications plus the Aize browser, the Visioneering Center in Stavanger for immersive simulation, the ADDMO additive manufacturing operations center, and the EcoLense LCA tool for automated environmental product declarations. The Entr consultancy sub-brand provides front-end engineering across hydrogen, CCUS, offshore wind, and electrical transmission markets, while a 2026 MoU with Rolls-Royce SMR extends the offering into small modular reactor module manufacturing.

Aker Solutions generates revenue through three primary streams: (1) project-based EPC contracts for subsea, CCUS, and offshore infrastructure, typically valued NOK 1-12 billion and recognized over multi-year durations; (2) long-term maintenance, modification, and operations (MMO) frame agreements with Norwegian Continental Shelf operators on five-to-six-year cycles, with recent Equinor and Aker BP awards each valued at NOK 8-12 billion; and (3) dividend income from the 20% SLB OneSubsea joint venture stake, which generated NOK 841 million in 2025. Sales occur through competitive tendering with enterprise-grade buyers under multi-year sales cycles. FY2025 revenue reached NOK 63.2 billion (+19% YoY) at an 8.4% EBITDA margin, with a record order backlog of NOK 80.2 billion at Q1 2026 and management guiding 2026 revenue of approximately NOK 50 billion at 7.0-7.5% EBITDA margins.

Name

Aker Solutions

Legal name

Aker Solutions ASA

Website

https://akersolutions.com

Company type

Public

Founded year

1841

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Aker Solutions ASA delivers integrated EPC services, subsea production systems, and carbon capture solutions to global oil and gas operators and industrial emitters, with 11,800 employees across 36 locations worldwide and a NOK 80.2 billion order backlog at Q1 2026.

Ownership category

akta.pro rank

Headquarters

HQ city

Fornebu

HQ country

Norway

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Others

Revenue model

1. Engineering, Procurement, Construction (EPC) Projects: Major project-based revenue from delivering complex energy infrastructure including subsea production systems, carbon capture facilities, offshore platforms, and modification/upgrade work. Revenue recognized over project duration with significant contract values (NOK 1-12 billion range). Q1 2026 revenue of NOK 13.4 billion.
2. Maintenance, Modification and Operations (MMO) Services: Long-term frame agreements with major operators providing ongoing maintenance, modifications, and operational services. Five-year contracts with Equinor and Aker BP covering Norwegian Continental Shelf assets. Services include inspection, integrity management, and operational support.
3. Consultancy Services (Entr): Entr consultancy arm provides advisory, front-end engineering, owner's engineering, and specialized technical services. 300+ consultants offering expertise across hydrogen, CCUS, offshore wind, oil and gas, and electrical transmission markets.
4. SLB OneSubsea Joint Venture Dividend: 20% ownership in SLB OneSubsea joint venture generates dividend income. Received NOK 841 million in dividends from joint venture in 2025. Joint venture awarded major subsea boosting contracts including BP Thunder Horse project.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Aker Solutions is a global energy services company providing integrated engineering, procurement, construction (EPC) and lifecycle services to the offshore energy industry. Its portfolio spans subsea production systems, carbon capture, utilization and storage (CCUS) projects, offshore wind and renewable structures, maintenance/modification/operations (MMO) services, and digital solutions. The company serves major oil and gas operators, industrial emitters and renewable energy developers across global markets.

Product overview

Aker Solutions is a Norwegian energy services company offering integrated solutions, products and services to the global energy industry. The portfolio centers on three core areas: (1) CCUS - carbon capture, utilization and storage solutions delivered through EPC and systems integration capabilities including Northern Lights, Brevik CCS and Hafslund Celsio projects; (2) Subsea Production Systems - subsea trees, wellheads and control systems; and (3) Lifecycle Services - comprehensive asset integrity management, inspection, autonomous robotics, Visioneering, and additive manufacturing through ADDMO. Digital capabilities are delivered via the Aker Digital Alliance (ADA), a strategic platform combining IX, VCP, CE, PEC applications with Aize digital twin browsing tool. The consultancy arm Entr provides front-end engineering and specialized services across CCUS, hydrogen, offshore wind, and electrical transmission markets. Recent additions include EcoLense LCA for environmental assessment and SMR module manufacturing partnership with Rolls-Royce.

Differentiator

Problem solved

Functional benefit

Brands

• Entr: Dedicated consultancy arm of Aker Solutions providing advisory and engineering services across hydrogen, CCUS, electrical transmission, low carbon oil and gas, offshore wind, and aquaculture markets
• ADDMO
• Visioneering

Products and services

• Carbon Capture, Utilization and Storage (CCUS) End-to-end carbon capture, compression, liquefaction, transport and storage solutions including EPC delivery, systems integration and turnkey project execution for industrial-scale CCUS projects.
• Subsea Production Systems Subsea production systems including trees, wellheads, flow bases, and control systems for offshore oil and gas developments, supplied partly through the SLB OneSubsea joint venture in which Aker Solutions holds a 20% stake.
• Maintenance, Modifications and Operations (MMO) Services

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core, strategic, exploratory and supporting.

• SLB OneSubseacoreStrategic or Co-development Partner · 9 June 2026SLB OneSubsea is a joint venture established in 2023 by SLB (formerly Schlumberger), Aker Solutions (20% ownership), and Subsea7. The JV provides subsea boosting systems and has been awarded major contracts including BP's Thunder Horse deepwater project in Gulf of Mexico. Aker Solutions receives dividends from this JV (NOK 841 million in 2025).
• Vår Energi CCScoreStrategic or Co-development Partner · 4 May 2026MoU to jointly advance Trudvang CO2 transportation and storage project in North Sea. Vår Energi CCS holds 40% of EXL007 CO2 license. Initial injection volumes of ~2 Mtpa with potential to scale to 20+ Mtpa using Utsira Formation storage.
• Knutsen NYK Carbon Carriers (KNCC)coreStrategic or Co-development Partner · 4 May 2026MoU for Trudvang CCS project combining KNCC's specialized CO2 carriers equipped with dynamic positioning systems with Aker Solutions' technical expertise. KNCC owns proprietary technology for handling liquefied CO2 at ambient temperature and elevated pressure.
• Rolls-Royce SMRstrategicStrategic or Co-development Partner · 29 April 2026MoU signed for small modular reactor (SMR) energy projects. Aker Solutions to provide non-nuclear module components leveraging expertise in modularization and complex energy project execution. Initial projects targeted in UK and Czech Republic.
• KN EnergiesstrategicStrategic or Co-development Partner · 19 March 2026FEED contract for CO2 transshipment terminal in Klaipėda, Lithuania as part of CCS Baltic Consortium. Terminal capacity of ~2.8 million tonnes CO2 per year. FEED completion Q3 2026, targeted commercial operation 2030.
• NordbexexploratoryStrategic or Co-development Partner · 13 October 2025MoU for Sweden's first BIOCCUS plant - carbon-negative power generation project utilizing forestry waste biofuel with carbon capture and storage.
• CognizantsupportingTechnology or Integration · 30 June 2025Extended partnership (established 2016) to modernize Aker Solutions' IT infrastructure using AI platforms including Cognizant Neuro. Multi-year agreement covering cloud services, IT infrastructure, application management, networks, and cybersecurity.
• Aptamus Carbon SolutionsstrategicStrategic or Co-development Partner · 9 May 2025Entr (Aker Solutions consultancy) engaged for LCO2 terminal design and engineering for COAST20 project - temporary storage and liquefaction terminal at Port Tampa Bay and discharge terminal at Baton Rouge, Louisiana.
• SLB CapturicoreStrategic or Co-development Partner · 27 January 2025Joint award for Hafslund Celsio's CCS project. SLB Capturi provides modular Just Catch 400 carbon capture technology; Aker Solutions delivers EPCIC of onshore facilities. Project captures 350,000 tonnes CO2 per year.
• Aker Digital Alliance (Cognite, Aize)coreStrategic or Co-development Partner · 1 January 2023Strategic alliance bringing together Aker Solutions, Aker BP, Cognite, and Aize for digital solutions. Combines 3D, augmented reality, digital twins, and additive manufacturing capabilities. ADA 2.0 phase developing unified digital backbone.
• Siemens Energy, Doosan BabcockcoreStrategic or Co-development Partner · 16 June 2022Consortium awarded FEED contract for Keadby 3 Carbon Capture Power Station in UK. Aker Solutions delivers onshore facilities, Siemens Energy provides gas turbine technology, Doosan Babcock provides engineering and construction. Project to capture 1.5 million tonnes CO2 annually.
• Unitech Power SystemssupportingTechnology or Integration · 1 January 2022Partnership with Unitech Power Systems, acquired by Aker Solutions in 2022, for market-leading expertise in design, analysis, and review of electrical power systems. Operates independently but partners on new and emerging markets.

Scale indicators16 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• TechnipFMC: Global subsea and surface technology provider with strong overlap in subsea production systems, integrated EPC for offshore oil and gas, and growing energy transition exposure. Direct competitor to Aker Solutions across Norwegian Continental Shelf projects and global subsea tiebacks.
• Subsea7: Subsea engineering, construction, and services company; co-owner with Aker Solutions of the SLB OneSubsea joint venture. Directly competes on subsea installation and SURF (subsea umbilicals, risers, flowlines) projects globally, including deepwater developments.
• Saipem: Italian-headquartered EPC contractor with strong offshore EPCI capabilities, particularly in subsea, drilling, and renewables. Comparable to Aker Solutions in offshore platforms, subsea pipelines, and CCUS/energy transition projects in European and Middle Eastern markets.
• Worley: Australian energy services and engineering consultancy delivering project execution, asset management, and energy transition advisory. Direct competitor on offshore modification and maintenance contracts, with comparable exposure to CCS and hydrogen advisory work.
• Petrofac: Integrated energy services company providing EPC, operations, maintenance, and training for oil and gas operators. Direct peer on brownfield modifications and MMO services, particularly in North Sea and Middle East markets.
• Wood Group: UK-headquartered engineering and consulting firm focused on energy and built environment; direct competitor on offshore modification and EPC projects in the North Sea, with significant overlap in CCS, hydrogen, and energy transition consulting.
• McDermott International: Offshore EPC contractor delivering subsea, offshore platforms, and energy transition infrastructure. Directly comparable to Aker Solutions in offshore EPCI execution, including large floating production systems and CCUS projects.

Broad incumbents

• SLB (Schlumberger): Largest global oilfield services company with a wide portfolio across drilling, production, and digital. Comparable as co-owner of SLB OneSubsea JV and through Cognite (Aker Digital Alliance partner). Larger scale and broader portfolio but overlapping in subsea production systems and digital solutions.
• Baker Hughes: Major oilfield services and industrial energy technology company with subsea production systems, turbomachinery, and digital solutions. Comparable to Aker Solutions in subsea tree and wellhead manufacturing, plus broader energy transition exposure including CCUS and hydrogen.

Others

• Dräger Safety (part of broader Drägerwerk) for instrumentation overlap: Industrial safety and gas detection instrumentation provider. Adjacent rather than directly competitive, but relevant given Aker Solutions' asset integrity management and Life Cycle Services offering that incorporates autonomous inspection and gas detection instrumentation on offshore platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks1 record

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/akersolutions
• Facebookfacebook.com/akersolutions
• LinkedInlinkedin.com/company/aker-solutions
• Xx.com/akersolutions

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aker Solutions