# Aker Solutions completes merger with Kværner

Aker Solutions ASA has completed its merger with Kværner ASA, absorbing all assets, rights and obligations of Kværner, which will be dissolved. The merger was finalized on November 10, 2020, with Kværner shareholders receiving 0.8183 Aker Solutions shares per share.

- Type: Acquisition
- Announced: 2020-10-11
- Where: Norway
- Status: completed
- Products: oil and gas engineering services, subsea equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Aker Solutions](https://endata.com/companies/1742.md) (acquirer)
- [Kværner](https://endata.com/companies/43015.md) (target)

## Sources

- [euro-petrole.com](https://www.euro-petrole.com/aker-solutions-asa-merger-with-kvaerner-asa-to-be-completed-n-i-21348), 2020-10-11: "All conditions for completion of the Merger are therefore fulfilled."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/AKER-SOLUTIONS-ASA-18088137/news/Aker-Solutions-ASA-OB-AKSO-completed-the-acquisition-of-Kvaerner-ASA-OB-KVAER--33628329/), 2020-11-09: "Aker Solutions ASA (OB:AKSO) agreed to acquire Kværner ASA (OB:KVAER) for NOK 2.2 billion in a merger of equals transaction on July 17, 2020."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.