Aker Solutions has acquired the remaining 50% share in the German company WIRTH Maschinen-und Bohrgerate-Fabrik GmbH (WIRTH), a supplier of drilling equipment. After this transaction Aker Solutions holds 100% of the shares in WIRTH.
In August 2007, Aker Solutions acquired 50% of the shares in WIRTH, with an option to buy the remaining stocks. WIRTH's technology complements Aker Solutions' portfolio of drilling equipment products and technology. The relationship between Aker Solutions and WIRTH has been very successful for nearly two decades. The drilling rig market provides significant business opportunities for Aker Solutions, and the integration of WIRTH's portfolio will further strengthen the lifecycle services offering.
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