Aker Solutions reorganizes into three seperate oilfield service companies

International oil services, engineering and construction company Aker Solutions has decided to cultivate its core businesses by creating three separate companies. The new streamlined entities have a clear ambition to grow in their respective markets. 
The new strategic direction, which will be announced at the company's capital markets day in Oslo today, is the conclusion of a strategy process initiated by the Board in second quarter 2009. 
"We have listened carefully to feedback from our customers and investors and analysed how we should position ourselves to meet their expectations," says Øyvind Eriksen, executive chairman of Aker Solutions. 
"Their feedback is consistent. Our company enjoys strong positions in several market segments. However, to further accelerate our growth, we should be more focused, more flexible in our approach to customer specific requirements, and much more transparent," he explains. 
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Source: Penn Energy