Aker Solutions ASA : Aker Solutions acquires UK engineering company I.D.E.A.S
16. July 2013 - Aker Solutions has acquired UK specialist engineering company
International Design Engineering And Services Ltd (I.D.E.A.S) to boost its
asset integrity management services.
Glasgow, Scotland-based I.D.E.A.S. has developed software and technology that
dramatically improves the quality and accuracy of integrity and life time
analysis for oil and gas assets. The analysis can be applied in all phases of
the development of an installation, from design through construction,
operation and life extension.
"This technology strengthens our offering of asset integrity management
services," said Tore Sjursen, head of Aker Solutions' maintenance and
"It can be used to predict the lifetime of an installation in a more effective
manner. It also helps us plan more targeted maintenance and inspection
activities, and increases the quality and precision of our services," said
Aker Solutions' asset integrity management services include maintenance
engineering, integrity management and advanced inspection and monitoring
services, throughout the lifetime for all parts of an onshore or offshore
installation. These services help clients reduce risk and increase utilisation
The parties decided not to disclose financial details of the transaction.
For further information, please contact:
Cathrine Gjertsen, Communication manager, Aker Solutions. Tel: +47 994 92 537,
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 675 13 039,
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers
Aker Solutions provides oilfield products, systems and services for customers
in the oil and gas industry world-wide. The company's knowledge and
technologies span from reservoir to production and through the life of a
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
28 000 people in more than 30 countries. We apply the knowledge and create and
use technologies that deliver our customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2012 Aker Solutions had
aggregated annual revenues of approximately NOK 45 billion. The company is
listed on the Oslo Stock Exchange.
This press release may include forward-looking information or statements and
is subject to our disclaimer, see www.akersolutions.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
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(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
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