With surprising financial results in 2018, Aker Solutions acquires the remaining 30% to gain full control of CSE, reinforcing its presence in mature fields in Brazilian territory.
It was only a matter of time before Aker Solutions' sovereignty under the CSE was enshrined. In 2016, when the Norwegian acquired 70% of CSE, the market behavior was expected in the coming years and very slowly, diversifying its services in Brazil and entering the maintenance area, since it practically only performed Subsea services in the territory national. A few days ago, Aker Solutions finally decided to buy the remaining 30% and now owns 100% of CSE's share control.
CSE will maintain its independence as a service provider, both in onshore and offshore units, what changes is the shareholding control. Noting that in 2018, CSE merged in its service contract with Petrobras, another 9 platforms for maintenance services, belonging to UO-BC( Campos Basin Exploration and Production Operations Unit)
Aker Solutions profits and its focus on Brazil
2018 ended with an excellent balance in the Aker Solutions account, around NOK 25,2 billion(US$ 2,9 billion), an increase of approximately 14% compared to 2017. Net income of US$ 64 million in this same period.
The Aker Solutions manager himself in the video below attests that it is really coming to significantly increase its space in our territory. Watch below or access the full article here for detailed information.
