Kvaerner, the international oil services, E&C, and Shipbuilding Group, has launched a new company with 18,000 employees in 17 countries and on five continents. The new company, to be known as ‘Aker Kvaerner’, will supply products, services, technology and solutions worth NOK 20 billion a year to the global oil and gas industry. Aker Kvaerner is the result of a merger between Aker Maritime and Kvaerner Oil & Gas, and forms one of four business areas within the Kvaerner Group.