Owners of Aibel consider a stock exchange listing for the company

Stavanger, 29 November 2010

The owners of Aibel would like to look at strategic alternatives that can strengthen the platform for further growth of the company. Therefore, preparations for a possible stock exchange listing of Aibel will be initiated.

Ferd and Herkules Capital became owners of Aibel in August 2007. The company has developed very positively and has achieved good results in recent years.

Total operating revenues for 2010 is expected to be around NOK 7 billion. Aibel has a solid order backlog and is among the leaders in its industry. In addition to Norway, Aibel has operations in Thailand, Singapore, Britain, Denmark and Egypt.

Market growth is expected to be strong in the coming years and Aibel is well positioned. The company has hired 400 new employees in 2010 and plans to hire over 1000 more during the next three years.

 

For more information, please contact:

Aibel AS
Idar Eikrem
Chief Financial Officer
Mob: +47 95 028 363
E-mail: idar.eikrem@aibel.com

Aibel AS
Bjørg Sandal
SVP Communications
Mob: +47 48 868 726
E-mail: bjorg.sandal@aibel.com

 

Aibel AS is a major service company in the oil and gas industry and in renewable energy.

Aibels approximately 4,000 employees in Norway and internationally are involved in new and existing fields and facilities, offshore and onshore, on fixed and floating installations. Aibel is located close to the client and operates from the most important oil and gas centres in Norway. Aibel is concerned with creating value for the customer and with being a stimulating and interesting workplace for employees.

Published 2010-11-29, 20:00 CET Updated 2014-01-22, 03:33 CET

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