Kvaerner is a specialised engineering, procurement and construction company. Kvaerner works world-wide with oil and gas operators, industrial companies and other engineering and fabrication providers. The company has decades of experience as an EPC contractor, covering a wide range of technologies and solutions. The Kvaerner group has been established to further leverage the experience and expertise built up through project execution over more than 40 years. Kvaerner is tailored to meet EPC market trends and client demands. The company has a focused and dedicated management and a mandate to enter into partnerships in order to establish reliable, flexible and competitive delivery models.
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- Business Type:
- Engineering service provider
- Industry Type:
- Construction & Construction Materials
- Market Focus:
- Globally (various continents)
This company also provides solutions for other industrial applications.
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Kvaerner’s more than 3 000 employees represent expertise and experience in engineering, fabrication and project management. The organisation includes specialised fabrication yards and offices for engineering and procurement in Norway, USA, Kazakhstan, Russia, Canada, Australia, China, Finland and the UK. Kvaerner’s head office is in Norway.
A solid position as the basis for ambitions of growth.
- As one of the world’s most recognised EPC contractors, Kvaerner is among the leaders within several markets
- More floating platforms have been built to our designs than floaters from any other contractor
- Over 40 years, we have gained 40 contracts for steel jacket substructures for offshore platforms
- Our track record includes many platform topsides, some considered amongst the largest or most complex in the world, and highly ranked for fast-track deliveries
- In several markets, we are among the leaders for delivering onshore facilities
- We are the world’s leading contractor for delivering onshore and offshore facilities to Arctic conditions
- We are recognized as the undisputed leader for concrete substructures for offshore platforms and LNG facilities
Based on this solid foundation, we have a clear objective for further growth.
Internationally, the Kvaerner group will further build its capabilities within EPC projects at a global scale, and capitalise on deepwater oil and gas exploration and development, gravity base structures (GBS) and jacket technologies. It will also develop its operations in selected international markets where there is a strong need for project and construction management and yard development competency.
Within downstream oil and gas, energy and environmental facilities and industrial construction, the Kvaerner group holds a strong position in the North American onshore market. Kvaerner will continue to target downstream and industrial EPC projects with the ambition of maintaining its strong position in the United States and selectively expanding into new geographies.
Our heritage: Building strength through experience
The companies brought together to create Kvaerner were established in the first half of the 19th century, during the Industrial Revolution.
These companies delivered products such as steam engines for rail and marine use and a range of industrial ironworks.
Over the next 100 years, the businesses grew significantly. In the mid1900s, both Kvaerner and Aker were international corporations with activities in shipbuilding, hydro power, wood processing and other process operations, mechanical workshops and other industries. Through the 1970s, 80s and 90s, they developed their capabilities and experience as suppliers of complete solutions to offshore and onshore oil and gas and processing projects. They each grew - organically and through international acquisitions - to be leaders in their markets.
In March 2002, the former Kvaerner group and the Aker Maritime group (comprising the oil and gas activities of the wider Aker group) were merged, and started to operate as one company under the name Kvaerner. In 2004, following a restructuring of both Aker and Kvaerner, Aker Kvaerner was established and the parent company of this group - Aker Kvaerner - was listed on the Oslo Stock Exchange. Four years later, Aker Kvaerner changed its name to Aker Solutions.
In December 2010, Aker Solutions announced a decision to cultivate its core businesses. Kvaerner was established, through a demerger, as a specialised EPC (engineering, procurement and construction) company addressing the global market.
On 6 May 2011, the shareholders' annual general meeting approved the establishing of Kvaerner as a separate company.
Kvaerner's mission is to successfully execute some of the world's most demanding projects by living up to our values.
In any organisation, values are essential for building trust – in each other, in our partners, in our customers and with society. All the Kværner businesses share a common set of values – the compass that guides our policies, our operations and, ultimately, our behaviour.
Our values: HSSE mindset
We take personal responsibility for HSSE because we care. All incidents can be prevented. We continuously strive for zero accidents to personnel, and to material and non-material assets.
We focus on employee health and on continuously improving the work environment. We conduct our operations through efficient use of materials and energy, with minimum waste and damage to the environment.
We design products and services to have no undue environmental impact, to be safe and to be efficient in consuming energy and natural resources. We seek to ensure that our products can be recycled or disposed of safely.
Our values: customer drive
Building customer trust is key to our business. After all, without customer trust and satisfaction, the rest does not matter.
Good customer references build our reputation – and the only way to achieve this is by consistent and predictable performance. Our customers will recognise us for our global execution excellence.
We find new ways, always linked to real customer needs and business priorities.
Our values: people and teams
All our major achievements are team efforts. In the end, it comes down to the talent and motivation of you and me. Delivering strong results is impossible without a highly capable workforce.
We learn on the job, through challenging tasks, coaching and training. Development of people and teams in our company has one purpose – to create a foundation for long-term sustainable value creation through efficient project execution and sound business operations.
We respect and encourage diversity and build strong, energised and effective teams – and we have fun together, making us even better. Our goal is to be the preferred employer in our industry.
Our values: open and direct dialogue
We encourage early and honest communication. We listen hard and talk straight – no sugar coating, no filters. We value early, accurate and reliable communication – after all, the first problem we encounter is usually the easiest one to solve.
We challenge each other. The best decisions are taken when different opinions and different cultures meet in open and direct dialogue. We expect the highest standards of ethical behaviour and integrity – from all of us, everywhere.
Our values: hands-on management
We know our business and get things done. Once decisions are made, we combine all our efforts and focus all our energies on execution. We are accountable and solutions-oriented, focusing on the right details at the right time. We follow through and ensure accountability.
We believe in empowering the people close to the action to take responsibility. Hands-on does not mean hands-in. We stimulate entrepreneurship and challenge bureaucracy, complicated hierarchies and 'silo' mentalities. We are one Kvaerner.
Our values: delivering results
We deliver consistently and strive to beat our goals. When doing a job, we understand both the risks and opportunities involved and know how to manage them. We take pride in delivering as we promise.
Making money creates new opportunities and the resources for going forward, both for us and for our customers and partners. Commercial edge benefits us all. We reward performance - what you achieve – and alignment with our values – how you behave.