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FORNEBU, Norway (Bloomberg) -- Aker Solutions ASA, the offshore engineering firm controlled by billionaire Kjell Inge Roekke, plans to boost margins at its subsea unit by as much as two-thirds within two to five years after splitting the company. Spinning off its subsea and engineering units into a leaner company and choosing safer projects will allow the new Aker Solutions to increase margins to the same level as its biggest competitors, said CEO Luis Araujo. That will require it to improve the margin on earnings before interest and tax at its subsea unit by 68% from the second quarter if it’s to match the 14.6% reported by FMC Technologies Inc.
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