Aibel Wins NOK 20 Billion Equinor Framework Deals, Bolstering Ratos-Owned Energy Supplier

Ratos AB ( ($SE:RATO.B) ) has issued an announcement.

Aibel has secured major framework agreements with Equinor, estimated at NOK 20 billion over an initial five-year term, reinforcing its leading role in maintenance and modifications on the Norwegian continental shelf and covering a wide portfolio of onshore and offshore installations, as well as extended modification projects. The contracts, which are set to be signed later in January, are expected to provide substantial workload and a stable platform for further development of Aibel’s technology, organisation and infrastructure, strengthening both the company’s strategic collaboration with Equinor and the value proposition of its owners, including Ratos, in the energy transition and offshore services market.

The most recent analyst rating on ($SE:RATO.B) stock is a Hold with a SEK43.00 price target. To see the full list of analyst forecasts on Ratos AB stock, see the SE:RATO.B Stock Forecast page.

More about Ratos AB

Aibel is a leading engineering, procurement, construction and installation (EPCI) provider that designs, builds and maintains offshore platforms and other critical infrastructure for the energy industry, with a strong presence on the Norwegian continental shelf and growing positions in European offshore wind and the electrification of offshore oil and gas and onshore processing plants. The company employs about 5,300 people across Norway, Thailand and Singapore, operates major fabrication yards in Haugesund and Thailand, and is owned by Ferd, Ratos and the Sixth Swedish National Pension Fund, while Ratos itself is a Stockholm-based listed business group with 14 portfolio companies across Construction & Services, Industry and Consumer segments in the Nordic region.

Average Trading Volume: 417,395

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK12.41B

For an in-depth examination of RATO.B stock, go to TipRanks’ Overview page.