The former well intervention service of Aker Solutions, acquired in January by Swedish buyout fund EQT, has been split into two companies to be called Altus Intervention and Qinterra Technologies from April 22.
This article is over ten years oldWhen Aker Solutions’ well intervention division was spun off into a separate company, the goal was to grow. Today, CEO Jørgen Peter Rasmussen of Qinterra, the holding company for both brands, announces that its North Sea customers will rely on the Altus Intervention brand in the future.
read also
Aker Solution sales represent major investment in Stavanger
The company will have 1,300 employees in Norway (Stavanger, Bergen and Stjørdal), Denmark and the UK. Halle Aslaksen will lead the Scandinavian operations from Stavanger. Garry Michie will lead the UK shelf operations from Aberdeen.
Qinterra Technologies will spearhead the company’s expansion plans outside the North Sea, according to Rasmussen.
Qinterra Technologies employs 300 people and operates in Norway, Great Britain, Canada, the United States, Oman, Saudi Arabia, the United Arab Emirates, Russia, Azerbaijan and Malaysia.
Aker received four billion for the sale of the Well Intervention Services division.
The Rasmussen companies had a combined turnover of NOK 2.2 billion last year.
