Akastor ASA
Recent
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P/E
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20.28%
ROIC.AI
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- Business
- Akastor ASA is a Norway-based oil-services investment company with a portfolio of industrial and financial holdings focused on the oilfield services sector. The company maintains a flexible mandate for active ownership and long-term value creation through investments in companies providing drilling solutions, subsea well construction and intervention services, and well design and project management; its key portfolio companies include HMH, a premier provider of drilling equipment and lifecycle services encompassing complete drilling rig packages, design and project execution, drilling equipment for offshore and onshore applications, aftermarket services, spare parts, overhauls and training; AKOFS Offshore, which operates vessel-based subsea services including light well intervention and installation via vessels such as AKOFS Santos; and other holdings like AGR for well management solutions. Akastor operates primarily in Norway, with portfolio company activities spanning North America, South America, Europe, Asia, the Middle East and Australia; it was established in 2014 following a demerger from Aker Solutions and traces its roots to 1841, with headquarters at Fornebu outside Oslo, Norway. Recent developments include the completion in early 2025 of Akastor's acquisition of Mitsui & Co., Ltd.'s ownership interests in AKOFS Offshore for USD 22.5 million, increasing Akastor's stake to 75% while Mitsui O.S.K. Lines retains 25%, along with negotiations for a new shareholders' agreement; HMH, Akastor's 50%-owned affiliate, successfully completed a USD 200 million senior secured bond issue in December 2025 with a three-year tenor; and ongoing dividends, such as NOK 0.40 per share declared in October 2025 supported by realization of its holding in Odfjell Drilling, alongside AKOFS Offshore securing a firm contract for the AKOFS Santos vessel.
Company News
Akastor ASA (AKKVF) Q2 2026 Earnings Call Transcript
Akastor ASA (AKKVF) Q1 2026 Earnings Call Transcript
Akastor ASA (AKKVF) Q4 2025 Earnings Call Transcript
Akastor ASA (AKKVF) Q3 2025 Earnings Call Transcript
Akastor ASA: Cancellation of sale of "Skandi Peregrino" by DDW Offshore
Akastor ASA: First Quarter Results 2025
Akastor ASA: Invitation to Presentation of First Quarter 2025 Results
Akastor ASA: Sale of "Skandi Peregrino" by DDW Offshore
Akastor ASA: Fourth Quarter Results 2024
Akastor ASA: Completion of transfer of ownership interests in AKOFS Offshore
Akastor ASA: Invitation to Presentation of Fourth Quarter 2024 Results
Akastor ASA: Completion of Mitsui transfer and agreement with MOL on ownership in AKOFS Offshore
Akastor ASA: DDW Offshore awarded contract extension
Akastor ASA: Akastor purchases ownership interests in AKOFS Offshore from Mitsui
Akastor ASA: Third Quarter Results 2024
Akastor ASA: DDW Offshore secures two contracts with an international oil company
Akastor ASA: Invitation to Presentation of Third Quarter 2024 Results
Akastor ASA: Second Quarter and Half Year Results 2024
Akastor ASA: Invitation to presentation of second quarter results 2024
Akastor ASA: Odfjell Drilling Ltd shares received pursuant to Warrant Agreement