disambiguation . kv rner asa type allmennaksjeselskap traded as ose kvaer industry heavy industry predecessor kvaerner brug 1853 trafalgar house 1996 successor aker kvaerner 2004 2008 aker solutions 2008 2011 kv rner asa 2011 till present founded 1853 headquarters oslo norway key people jan arve haugan ceo 1 number of employees 3200 website kvaerner.com kv rner was a norway based engineering and construction services company that existed between 1853 and 2005 . in 2004 it was amalgamated to the newly formed subsidiary of aker asa aker kv rner which was later renamed to aker solutions on 3 april 2008 . kv rner re emerged on 6 may 2011 when the epc engineering procurement and construction part of aker solutions took the kv rner name . the new kv rner company was listed on oslo stock exchange on 8 july 2011 . 2 history edit kvaerner brug was founded in oslo in 1853 by industrialist oluf a. onsum 1820 1899 . the company became principally involved in the production of cast iron stoves . in 1870 kvaerner built its first hydroelectric turbine . 3 during the early 1900s kvaerner power turbines remained the principal product line which also included bridges cranes and pumps . kvaerner was listed on the oslo stock exchange in 1967 . by the 1990s the company assembled a collection of engineering and industrial businesses including shipbuilding construction of offshore oil and gas platforms production of pulp and paper manufacturing equipment and operation of shipping fleet . 4 director general of kv rner after the stock exchange listing were kjell b. langballe 1960 1976 carl r tjer 1976 1986 and mikal h. gr nner 1986 1989 . chairmen were frithjof a. lind 1982 johan b. holte 1982 1985 emil eriksrud 1985 1986 carl r tjer 1986 1989 and then kaspar kielland . since 2011 the ceo has been jan arve haugan . 5 erik t nseth became director general of kv rner in 1989 and under his leadership the company underwent large scale international expansion acquiring the state owned govan shipbuilders from british shipbuilders . 6 in 1992 kv rner acquired the swedish company g taverken . in 1996 kv rner acquired the uk conglomerate trafalgar house and moved its international headquarters from oslo to london . 7 the company s expansive acquisitions brought economic hardship to the company . kjell almskog became ceo in 1998 and implemented various plans to streamline the company . 8 this included the sale of the cunard line a division of trafalgar house to carnival corporation the sale of kvaerner govan to bae systems 9 and the sale of chemrec to babcock borsig . the economic slowdown in 2001 and a series of management missteps brought the company to the brink of bankruptcy . in august 2000 kv rner sold its construction division to the swedish company skanska . 10 in november 2001 kv rner was forced to merge with its rival aker asa a norwegian oil services group controlled by kjell inge r kke . r kke scuppered the solution preferred by kv rner s management a rescue by russia s oil giant yukos . kv rner s international headquarters returned to oslo and kv rner was restructured to become a holding company with operating activities concentrated in aker kv rner and aker yards . as of 2005 kv rner asa was merged with aker martitime finance as a wholly owned company of aker asa and the kv rner corporation ceased to exist . 11 in 2008 aker kvaerner changed its name to aker solutions asa . 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 . 12 references edit jan arve haugan appointed president and ceo of kvaerner our heritage building strength through experience . kvaerner . retrieved march 25 2016 . oluf adelsten onsum . norsk teknisk museum . retrieved march 25 2016 . knut kjeldstadli . oluf onsum forretningsdrivende industrigr nder . norsk biografisk leksikon . retrieved march 25 2016 . haugan ceo of kvaerner . kvaerner . 2 may 2011 . retrieved march 25 2016 . rolf bryhn . kv rner asa . store norske leksikon . retrieved march 25 2016 . kvaerner is close to bidding for troubled group lifeline for trafalgar house tore halvorsen . kjell e almskog industrileder . norsk biografisk leksikon . retrieved march 25 2016 . cunard archives trafalgar house expansion and decline skanska buys kvaerner arm for 180m the telegraph 30 august 2000 trond smith meyer . kjell inge r kke forretningsdrivende investor . norsk biografisk leksikon . retrieved march 25 2016 . rolf bryhn . aker solutions asa . store norske leksikon . retrieved march 25 2016 . external links edit kvaerner website v t e aker group companies aker asa aker american shipping aker arctic aker biomarine aker capital aker floating production aker holding aker material handling aker seafoods aker solutions molde fotball as defunct companies aker maritime aker yards kv rner resource group international aker drilling people kjell inge r kke leif arne lang y see also category aker group retrieved from https en.wikipedia.org w index.php title kv rner & oldid 712770912 categories companies established in 1853companies listed on the oslo stock exchangedefunct companies of norwaydefunct manufacturing companiesshipbuilding companies of norwaycompanies based in oslo1853 establishments in norway navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages norsk bokm l edit links this page was last modified on 31 march 2016 at 01 17 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view