OSLO, NORWAY: Måsøval AS has entered into a share purchase agreement with Vartdal Invest AS to acquire 100% of the shares in Vartdal Gruppen comprising Aquafarms Vartdal AS, Vartdal Fiskeoppdrett AS, Urke Fiskeoppdrett AS, Western Seaproducts AS and Vartdal Fryseri AS. Vartdal Gruppen is a fully integrated salmon farmer with four licenses for production of…
All posts tagged salmon farming
Andfjord Salmon to double production volumes to 19,000 tonnes
OSLO, NORWAY: Andfjord Salmon AS announced an opportunity to initiate a volume expansion plan at its Kvalnes facility. The plan involves increasing production volume by around 50 percent, from 12,600 to 19,000 tonnes HOG. This is equivalent to an annual EBIT increase from approximately NOK 350 million to NOK 500 million at full production. “We…
Frøy ASA to launch initial public offering on Oslo Stock Exchange
OSLO: Frøy ASA announced its intention to launch an initial public offering of its shares and to apply for a listing on the Oslo Stock Exchange. Frøy is a Norwegian provider of business-critical salmon farming services with an operational track-record of more than 20 years. The Group’s service offering includes installation and maintenance of salmon…
Mowi collaborates with Alphabet’s innovation engine to make salmon farming more sustainable
BERGEN: Mowi, world’s leading seafood company, works with Tidal, X’s ocean health and sustainably team, to test and research new technologies. Over the last three years, Mowi has been researching and testing a new sensing system developed by Tidal at Alphabet’s X. After an extensive research and development period involving field testing and data collection,…
Grieg Seafood takes the next step on its growth journey by acquiring Grieg Newfoundland
OSLO: Grieg Seafood ASA has signed Share Purchase Agreements (SPA) for the acquisition of Grieg Newfoundland AS in Newfoundland, Canada. The Newfoundland project includes exclusivity for salmon farming in Placentia Bay, which has a farmable area bigger than the Faroe Islands. The project currently comprises licenses for 11 sea sites. The project also includes a…