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Kvaerner ASA
Snaroyveien 20
Phone: +47 21089000p:+47 21089000 Fornebu, 1360  Norway Fax: +47 21089999f:+47 21089999
This company was Merged or Acquired on 11/11/2020.
This company is no longer actively traded on any major stock exchange.
This is a Subsidiary, click here for the Parent Company
Business Summary
Kvaerner ASA is a Norway-based engineering, procurement and construction (EPC) company. It provides technologies and products for offshore topsides, floating oil and gas facilities, substructures and complete onshore plants. Its business is divided into two segments: Upstream, and Downstream and Industrials. Upstream segment is divided into four business areas: North Sea, delivering topsides, floaters and onshore upstream facilities; Jackets, delivering steel jackets for oil and gas installations and wind jackets; Concrete Solutions, delivering concrete substructures, and International, delivering topsides, floaters and onshore facilities. Downstream & Industrials segment consists of a business area Engineering & Construction (E&C) Americas and is a contractor for onshore facilities, power plants and steel mills. In December 2013, the Company’s subsidiaries divested Kvaerner North American Construction Ltd. and assets of Kvaerner North American Construction Inc. to Matrix Service Co.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202012/31/2019Yes----

Industries
SIC Code Description
1389 Oil and gas field services, not elsewhere classified
1381 Drilling oil and gas wells
3731 Ship building and repairing
1799 Special trade contractors, not elsewhere classified
1623 Water, sewer, pipeline, and communications and power line construction
1541 General contractors-industrial buildings and warehouses

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board Leif-ArneLangoy 64 4/10/2013 4/10/2013
President, Chief Executive Officer Karl-PetterLoken 5/7/2018 5/7/2018
Chief Financial Officer, Executive Vice President IdarEikrem 5/6/2018 4/1/2016
11 additional Officers and Directors records available in full report.

Business Names
Business Name
KVAER
Kværner
KVNR

General Information
Number of Employees: 2,802 (As of 6/30/2020)
Outstanding Shares: 268,429,744 (As of 9/30/2020)
Shareholders: 8,969
Stock Exchange: OSL
Fax Number: +47 21089999


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Monday, January 1, 2024