"We see both practical advantages and opportunities for being more efficient when bringing our technology departments and our many projects closer together - in addition to the direct savings on rent expenditures," says President & CEO Inge K. Hansen in Aker Kvaerner.

Today, Aker Kvaerner's businesses and projects are spread in three different buildings in the Oslo area.    

Aker Kvaerner is a world leader in a number of high-tech markets, such as development and design of advanced subsea solutions, and process equipment for production of oil and gas, as well as marine operations. Other parts of the business offer solutions to oil companies all over the world for offshore platforms operating in deep water, or in the arctic with icy and harsh conditions. In the engineering and construction sector, Aker Kvaerner is present in a limited number of highly specialised industries and technologies.

"We will get modern and efficient facilities for engineering and support functions at Fornebu. We are looking forward to move to our new headquarters. Together with the employees, we will prepare well in order to utilise this process and our new facilities to become an even better supplier for our customers," says Hansen.

The agreement is a 12-year lease with an option to renew the contract. The contract partner is a fully-owned subsidiary of Aker ASA which will own and build the 'Aker House'.

"It has been important for us that our headquarters provides effectiveness and flexibility to our project organisation, and at the same time use the opportunity to reduce our office costs. The rent is competitive to other possibilities we have considered," says Inge K. Hansen.

ENDS

 

Media:
Stein Inge Liasjø, VP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 94, Mob: +47 464 02 353

Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. Tel: +47 67 51 30 39

 

AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 35.6 billion and employs approximately 22,000 people in more than 30 countries.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com.