Fjords Processing sale to National Oilwell Varco

November 11th, 2016

In October 2016, an agreement was reached between National Oilwell Varco (NOV) and Akastor to acquire Fjords Processing. Cool Sorption has operationally been part of Fjords Processing, but is not part of the transaction scope. There will be no changes in the day-to-day business as Cool Sorption will continue its operations directly under Akastor. The company will continue its path of being a streamlined vapour recovery supplier, with over 300 installations worldwide, to offer state-of-the art vapour recovery solutions and life cycle services.

The public announcement of the transaction can be found here:

http://www.akastor.com/newsroom/news-archive/2016/akastor-asa-akastor-agrees-to-sell-fjords-processing-to-national-oilwell-varco-/