Aker Solutions acquires UK engineering company I.D.E.A.S

Tue Jul 16, 2013 6:31am EDT

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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 modifications business.

"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 Sjursen.

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 of installations.

The parties decided not to disclose financial details of the transaction.

ENDS

For further information, please contact:

Media:
Cathrine Gjertsen, Communication manager, Aker Solutions. Tel: +47 994 92 537, E-mail: cathrine.gjertsen@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 675 13 039, E-mail: lasse.torkildsen@akersolutions.com

Suppliers:
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers

Career opportunities:
Visit http://www.akersolutions.com/careers

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 field.
 
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.





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Source: Aker Solutions ASA via Thomson Reuters ONE

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