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Aker ASA: Signs Agreement to Acquire Prototech AS

Mount Equity Group Tokyo Japan > News > Markets > Aker ASA: Signs Agreement to Acquire Prototech AS

OSLO, Norway, June 10, 2021 /PRNewswire/ — Aker ASA announced today that Aker Capital (collectively referred to as “Aker”) has acquired the Norwegian technology and research and development (R&D) company Prototech AS (“Prototech”). The acquisition provides access to a portfolio of industrial technology solutions and R&D capabilities that underpin Aker’s strategic development in the energy transition.

“Prototech has an impressive portfolio of technologies and expertise that need both capital and active ownership to realize their full potential,” said Øyvind Eriksen, President and CEO at Aker. “Aker has been developing knowledge-based industry for 180 years. There is no shortage of exciting ideas, research, and technology developments happening all over Norway. Identifying and developing interesting companies and investment opportunities is an essential part of the work to drive Aker’s value creation over time. Prototech has R&D capabilities and solutions that we believe can play an important role in Aker’s long-term development.”

Prototech, established in 1988, was originally part of the Mechanical Section of the Christian Michelsen Institute (CMI) in Bergen, and is based on an engineering and technology tradition dating back to 1930 when CMI was established as a non-profit R&D institute. Over the last 30 years, Prototech has developed into a R&D and