Aibel is a Norwegian provisioner of production facilities, process systems, technology and products to oil companies, shipowners and field operations customers, by maintaining, operating and modifying on- and off-shore facilities, enabling clients to achieve more efficient energy production.

Headquartered in Stavanger, Aibel has seven other locations in Norway, besides offices in Kolding (DK), Peterfield (UK, Laem Chabang (Thailand)and in Singapore. Aibel also ownes 50 per cent of The Egyptian Maintenance Company.

Aibel AS is a rapidly growing company, in 2010, 500 new employees was hired. Major new agreement with ConocoPhillips and Statoil indicates a need for even more highly skilled engineers and technicians during 2011.

In June 2007, Aibel was acquired by Herkules Capital (formerly known as Ferd Private Equity) for $900 million in the largest leveraged buyout

Leveraged buyout

A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...

by a Norwegian-based private equity fund. In July 2009 Aibel announced the sale of its technology and products business to UK listed company Hamworthy Plc for a consideration of up to MNOK 68 million.