IKM Acquires Acona AS

Source: www.gulfoilandgas.com 11/5/2020, Location: Europe

Acona is a leading provider of expertise to the oil and gas industry within Well Management and Engineering, Environmental & HSEQ&Risk Services, Field Development and Consultancy Services. The company has more than 100 high-qualified personnel, located in Stavanger and Oslo. Turnover for 2019 was approximately 260 million NOK.

«Acona adds complementary services to several IKM companies, such as IKM Ocean Design, world leading within development and design of offshore subsea fields and IKM Consultants, one of largest Consultancy Companies in Norway. This is a great business potential in order to provide a wider specter of services to our Clients» says Executive Vice President Arne Vervik.

«IKM knows Acona from previous ownership in several periods, first time back in 2007. With this acquisition, IKM has strengthened our market position and is very well positioned towards the market, including our international business in several regions. We are looking forward to this ownership and welcome many high qualified and competent new colleagues onboard» says President and CEO Ståle Kyllingstad.

«Acona is looking forward to being part of one of Norway’s largest service providers in the energy industry. The combination of Acona and IKM gives us the ability to take on innovative and larger projects, including new markets, both in Norway and internationally, providing a wider service offering to our customers» says CEO Stig Hognestad.

The company will be named IKM Acona AS.

The IKM Group is a multidiscipline supplier to the energy industry and currently employs about 2.500 persons within 45 companies in 12 regions. The IKM Group has a budgeted turnover of 4,3 billion NOK for 2020.

The completion of the transaction is conditional on approval from the competition authorities (Konkurransetilsynet).


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