Aker Wirth: A new name and identity>
Aker Wirth: A new name and identity
(Thomson Reuters ONE) - 30 June 2009 - Earlier this year, Wirth became a fully controlledsubsidiary of Aker Solutions, a Norwegian owned company. Today, WirthMaschinen- und Bohrgeräte-Fabrik GmbH changes its name to Aker WirthGmbH, reflecting the change of ownership and the successfulintegration into Aker Solutions that has taken place since theacquisition."Our acquisition of Wirth complements and expands our customeroffering. Aker Solutions is now one of only two suppliers in theworld of complete drilling packages. In addition, the acquisition ofWirth's mining and construction expertise strengthens our presence inthe process and construction markets," says Per Harld Kongelf,executive vice president of Aker Solutions. "Furthermore, we arehappy, that Christoph Kleuters has accepted to continue in hisposition as Chief Executive Officer."CollaborationFor more than two decades Wirth has been successfully collaboratingwith Aker Solutions on drilling packages. By formalising thisconnection through acquisition, the goal is to strengthen theexisting collaboration and expand it to all of Aker Solutionsdrilling activities globally. The collaboration will also be extendedto Wirth's mining and construction division to the benefit of AkerSolutions' process and construction activities."We share a passion for technology and have been collaborating forover two decades on successful drilling projects," says ChristophKleuters, CEO of Aker Wirth. "Our transition to Aker Wirth reinforcesour commitment to our customers and employees and strengthens ourposition in the global market."Value in the name"The Wirth name is a valuable asset and will live on in the legalentity name and product names of the company," says Per HaraldKongelf.As of today, building signage, machine labelling, corporate brochuresand marketing materials now all reflect the name change and new lookand feel of Aker Wirth.About Aker WirthAker Wirth is one of the leading equipment suppliers, serving theenergy sector for oil and gas drilling products as well as mining andcivil construction products for the industry.For more than 110 years, Aker Wirth has been supporting theestablishment of a modern and efficient development of naturalresources and infrastructure, promoting growth and improving thestandard of living around the world.As part of the change Wirth's subsidiaries' names will also reflectthe change in ownership as follows:* Wirth SCS Singapore Pty into Aker Wirth SCS Singapore Pty.* Wirth Mgt. Inc. into Aker Wirth Mgt. Inc.* Wirth International LLP into Aker Wirth International LLP* Wirth Australia Pty into Aker Wirth Australia PtyAker Wirth is a fully controlled subsidiary of Aker Solutions AS, aglobal provider of engineering and construction services, technologyproducts and integrated solutions.ENDSFor further information, please contact:Media:Karen Romer, VP Communications, Aker Solutions, Tel: +47 67 32 60,Mob: +47 950 74 950Astrid Goldberg, Communications Manager, Aker Wirth Tel: +49 243183-459Investor relations:Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 6751 30 39, Mob: +47 911 37 194Career opportunities:Visit http://www.akersolutions.com/careersAker Solutions ASA, through its subsidiaries and affiliates("Aker Solutions"), is a leading global provider of engineering andconstruction services, technology products and integrated solutions.Aker Solutions' business serves several industries, includingoil & gas, refining & chemicals, mining & metals andpower generation. The Aker Solutions group is organised in a numberof separate legal entities. Aker Solutions is used as the commonbrand/trademark for most of these entities.Aker Solutions' parent company is Aker Solutions ASA. Aker Solutionshas aggregated annual revenues of approximately NOK 58 billion andemploys approximately 23 000 people in about 30 countries.Aker Solutions is part of Aker (www.akerasa.com), a group of premiercompanies with a focus on energy, maritime and marine resourceindustries. The Aker companies share a common set of values and along tradition of industrial innovation. As an industrial ownercontrolling 40.27 percent of the shares in Aker Solutions throughAker Holding AS, Aker ASA takes an active role in the development ofAker Solutions.This press release may include forward-looking information orstatements and is subject to our disclaimer, seewww.akersolutions.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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