Aker Yards

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Aker Yards ASA
Type	Public
Founded
Headquarters	Oslo, Norway
Key people	Karl Erik Kjelstad (CEO)
Industry	Shipbuilding
Revenue	NOK 16,607 million (2005)
Operating income	NOK 680 million (2005)
Net income	NOK 777 million (2005)
Employees	20,000 (2006)
Website	www.akeryards.com

Aker Yards (OSE: AKY) is a Norwegian shipbuilding company which owns 17 shipyards in Norway, Finland, Germany, Romania, Brasil, France and Ukraine. The company is the largest shipbuilding company in Europe and the fifth largest in the World. The company has three business areas: Cruise & Ferries, Merchant Vessels and Offshore & Specialized Vessels. Aker Yards was split from its mother company Aker ASA, controlled by Kjell Inge Røkke and also listed on Oslo Stock Exchange in 2004. In April 2006, Aker Yards bought Astom Marine, Alstom's naval construction activities, with Les Chantier de l'Atlantique in Saint-Nazaire. Aker Yards is now a publicly traded company on Oslo Stock Exchange and was owned 40.1% of the Aker Group until march 2007, when Aker ASA sold its shares, though remaining an important client of Aker Yards.

Contents 1 Operations 1.1 Cruise and Ferries 1.2 Merchant vessels 1.3 Offshore and specialised vessels 1.4 Strategic areas 1.5 List of shipyards

[edit] Operations

[edit] Cruise and Ferries

The cruise and ferry division is one of the four leaders worldwide in cruise and ferry construction and ships are built at the yards in Finland and France. The division had a revenue of €712 million in 2005.

[edit] Merchant vessels

The merchant vessels are produced at the yards in Germany, Romania, Ukraine and Norway. The division had a revenue of €572 million in 2005.

[edit] Offshore and specialised vessels

The offshore and specialised vessel division produces its ships in Norway, Finland, and Brazil while hulls are often constructed in Romania. Ships made by this division include field support, subsea support, Arctic vessels, fishing vessels, naval craft, research vessels and coast guard vessels. The division had a revenue of €699 million in 2005.

[edit] Strategic areas

Aker Yards points out three areas of exceptional competence. Aker Arctic Technology, with 25 employees in Finland, focuses on Arctic vessels. Aker Yards Marine, Aker Yards Project and Brevik Engineering offer innovative ship design while Aker Yards Piikkio makes 6,000 ready-made cabins annually.

[edit] List of shipyards

• Aker Yards Norway (located at Aukra, Brevik, Langsten, Brattvaag, Florø and Søviknes)
• Aker Ostsee (located at Wismar and Rostock-Warnemünde)
• Aker Finnyards (located at Helsinki, Rauma and Turku)
• Aker Braila and Aker Tulcea
• Chantiers de l'Atlantique (75% ownership)
• Aker Promar (51% ownership)
• Damen Shipyard Okean