AKVA group ASA (OB:AKVA) acquired 51% stake in Submerged As for NOK 30.141 million
August 21, 2023
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AKVA group ASA (OB:AKVA) acquired 51% stake in Submerged As for NOK 30.141 million on August 22, 2023. The cash assumed as part of this transaction was NOK 4.671 million. Post completion of the acquisition, AKVA has the option to acquire 100% shares in Submerged in 2028 based on certain conditions. The acquisition of the majority stake in Submerged is of great strategic importance to AKVA and will further develop and complement our digital offerings to the market.
AKVA group ASA (OB:AKVA) completed the acquisition of 51% stake in Submerged As on August 22, 2023.
Akva Group ASA is a Norway-based supplier of solutions and services to the global aquaculture industry. Its activities include design, purchase, manufacturing, assembly, sale and installation of technology products as well as rental, service and consulting services. The Company divides its operations into three business segments: Sea Based Technology (SBT), Digital and Land Based Technology (LBT). The SBT main products include Polarcirkel, Wavemaster and Akvasmart hardware brands such as: Plastic cages, steel cages, feed barges, feed systems, sensor- and camera systems, underwater lights and net cleaning systems. The LBT provides technology for water treatment technology. Main components used include mechanical filters, UV treatment, bio filters, degasser units, oxygenation, cooling/heating systems and lifting pumps. The Digital software include brands such as: Production control, planning, traceability, and ERP software for both the aquaculture and the fishing industry.