Aker Kvaerner Industrial Maintenance, including the subsidiary Aker Kvaerner IPEC, has a workforce of approximately 440 employees and is situated in the Norwegian cities Mosjøen, Odda, Høyanger and Kristiansand. In 2004, the company had revenues of approximately NOK 290 million, and the core business is industrial maintenance within Norwegian land-based industry.

"We wish to concentrate our maintenance operations in the oil and gas sector, and we have therefore chosen to give Aker Kvaerner Industrial Maintenance new owners.  We are satisfied that ISS as a major actor within service and maintenance will develop the company further and that this will become an important priority area for the new owners", said Torleif Gram, Executive Vice President, of Aker Kvaerner.

ISS is a global company within operation and maintenance services with a 2004 turnover of more than NOK 44 billion. ISS employs approximately 300 000 people world-wide.  ISS Facility Services AS in Norway has an annual turnover of approximately NOK 4 billion, and employs around 10 000 people in Norway.

"Buying Aker Kvaerner Industrial Maintenance increases ISS' focus on industrial maintenance. This implies that ISS aims at becoming an important supplier to the industry in this area," says Mr. Thore Jensen, Division Manager of ISS Facility Services AS.

ENDS

 

Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

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

Division Manager Thore Jensen, ISS Facility Services AS, Tel:  +47 81 55 51 55. Mob: +47 918 18 384

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 span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 22,000 people in more than 30 countries. The Aker Kvaerner group consists 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.

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