Aker to merge with Aker Horizons.

Aker, a Norwegian industrial investment company, agreed to merge with Aker Horizons, a green energy and green industry developer. Financial terms were not disclosed. "This merger follows a prolonged period of financial uncertainty for Aker Horizons. Despite significant losses for Aker and fellow shareholders in Aker Horizons, our perspective remains long-term. We believe in the underlying industrial potential and are taking steps to protect and rebuild shareholder value through more focused capital deployment and a clearer strategic direction. We will continue to develop the existing assets, including core projects in Mainstream and the ownership in SLB Capturi, as well as the possible data center development in Narvik, which will require Aker's full weight of industrial expertise and financial capacity," Øyvind Eriksen, Aker President and CEO.