“Our third-quarter demonstrated that we continue to meet and surpass our financial targets. After the quarter ended, we announced the closing of the subsea joint venture transaction which marks a defining moment in our strategy. We have transitioned from having a stand-alone subsea business to becoming a co-owner in a world-leading subsea company,” said Kjetel Digre, chief executive officer of Aker Solutions.

“The overall market outlook remains positive despite industry cost inflation, geopolitical instability and supply chain constraints. With our solid order backlog and high tendering activity, Aker Solutions is well-positioned to capitalize on diversifying energy markets, including their longer-term structural changes,” said Digre.