Aker Arctic acquires Bluetech

Aker Arctic Technology Inc (“Aker Arctic”), world’s leading company specialized in the design of icebreakers and ice-going vessels, is meeting the growing demand by acquiring Bluetech Finland Ltd (“Bluetech”), its Finnish long-time ship design partner.

The merger of two top players in ship design into the same Group will strengthen Finnish icebreaker expertise and the growth opportunities of the maritime industry. Together Aker Arctic and Bluetech will form a globally significant player of approximately 150 professionals focused on demanding ship design, with strong capabilities to execute significant and extensive design assignments. 

Aker Arctic and Bluetech will transfer to the ownership of Arctic Marine Technology Group Ltd, an entity established for the purpose of owning the companies. Arctic Marine Technology Group is owned by Finnish Industry Investment (Tesi) and ABB, the current shareholders of Aker Arctic. 

Aventum acted as advisor to Aker Arctic on the acquisition. The transaction is subject to the approval of the Finnish Ministry of Economic Affairs and Employment. 

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