'One Aker Kvaerner' Philosophy Leads to Rebranding

Three of the six Aker Kvaerner businesses based in Aberdeen, which employ a combined workforce of 1600 in the city, have undergone their final stage of re-branding – and all will now be located at the Aker Kvaerner 'village' in Dyce.

  • The subsea technology specialists, KOP Ltd, have become Aker Kvaerner Subsea
  • Maritime Hydraulics UK have become Aker Kvaerner MHUK
  • KPS Paladon have become Aker Kvaerner Process Systems

Roger White, Aker Kvaerner Subsea's Sales and Marketing Manager, says the re-branding is a natural progression of the Aker Kvaerner Group's 'One Aker Kvaerner' policy: "For all the companies in Aberdeen, the inclusion of the Aker Kvaerner name emphasises that we are a global business with global capabilities, able to utilise resources, personnel and skills anywhere in the world. It's a move that will further strengthen our hand in the global market.

Aker Kvaerner Offshore Partner, Aker Kvaerner Subsea, Aker Kvaerner Operations, Aker Kvaerner Process Systems and Aker Kvaerner Business Partner are all already located at the Aker Kvaerner 'village' in the Kirkhill Industrial Estate. Next month, the final family member will 'come home' when Aker Kvaerner MHUK relocates from its current premises on North Esplanade East.

Meanwhile, on the day that the Aker Kvaerner Group publishes its half-year results, the two largest Aberdeen businesses - Aker Kvaerner Offshore Partner and Aker Kvaerner Subsea - have unveiled excellent results for their first six months of trading in 2005. Aker Kvaerner Subsea, which employs more than 500 people in Aberdeen, has secured contracts for its controls business well in excess of expected budgets, including substantial project wins both in the Norwegian sector of the North Sea and the Gulf of Mexico, with the Gulf continuing to deliver business from both existing Frame Agreements and new wins. The company has also re-established its position as market leader in the UK sector.

Aker Kvaerner Offshore Partner, which employs around 900 people in Aberdeen, mirrored the group results by meeting its own half-year profit targets. Managing Director, Harald Gulaker commented: "We have benefited from contract awards with Nexen, Kerr McGee and Bluewater, and we have seen strong performance across our burgeoning contract portfolio, particularly with the independent operators. Much of this success has been achieved by maintaining a strong focus on our core business. The considerable investments we have made in Aberdeen, both in engineering systems and people development are continuing to pay dividends."