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Aker Solutions has agreed to acquire Rainpower Holding AS ("Rainpower"), a leading technology provider to the hydropower industry.

Aker Solutions' revenue and margins increased in the first quarter of 2022. The company delivered another quarter of solid performance and continued to demonstrate that it remains on track with its transformation and growth targets. Projects globally continued to progress well, tendering activity continues to be very high, and the market outlook remains positive.

Aker Solutions has appointed Trine Svalestad to the new position of senior vice president for sustainability. The company sees significant increase in demand for its solutions powering the ongoing energy transition. Photo: Ole Jørgen Bratland / Equinor.

To enhance the business, Paal Eikeseth has been appointed as executive vice president (EVP) of Aker Solutions’ Electrification, Maintenance and Modifications (EMM) business segment.

Reference is made to the stock exchange announcement on April 7, 2022, regarding the contemplated secondary placing by North Sea Strategic Investments AS (the “Vendor”) of existing shares in Aker Solutions ASA (the “Company”). 

Reference is made to the stock exchange release published by Aker Solutions ASA (the "Company") on March 11, 2022, regarding a contemplated buy-back of the AKSO03 bond.