General – Business
Aker Solutions has agreed to acquire Unitech Power Systems, an electrical power systems consultant.
The acquisition is an important step towards Aker Solutions creating an engineering consultancy business driving the energy transition.
The all-cash transaction, of an undisclosed value, is expected to be completed during the first quarter of 2022.
“The acquisition will significantly enhance Aker Solutions’ capabilities related to high-voltage electrical power systems. By leveraging Unitech Power Systems’ strong expertise and track record with Aker Solutions’ existing front end, engineering, and project management capabilities, the acquisition will drive growth in markets supported by the energy transition,” said Kjetel Digre, chief executive officer of Aker Solutions.
“The energy transition will unlock large investments across multiple industries. Aker Solutions has capabilities and solutions that are transferable into new offerings and markets. We are excited to announce that we are enhancing our engineering offering into consultancy services. This acquisition is the first building block in creating a leading engineering consultancy business.”