AquaGen ac­quires 51 per cent of AquaSearch ova

Fish Farmer - - European News -

AQUAGEN has bought 51 per cent of the shares in the Dan­ish based breed­ing com­pany AquaSearch ova, one of the world’s lead­ing sup­pli­ers of ge­net­ics for the por­tion size trout mar­ket.

Glob­ally, por­tion size trout is one of the fastest grow­ing aqua­cul­ture sec­tors and has be­come an im­por­tant com­mod­ity of an­i­mal pro­tein. Pro­duc­tion in 2016 was 650,000 tonnes, with annual growth of five to seven per cent over the last three years.

AquaSearch ova, es­tab­lished in 2006, is a lead­ing global player in breed­ing and egg pro­duc­tion of trout. From its head­quar­ters in Bil­lund, the com­pany has de­vel­oped cost ef­fec­tive pro­duc­tion and distri­bu­tion from its six brood­stock farms in Den­mark.

‘Our as­so­ci­a­tion with AquaSearch ova rep­re­sents an im­por­tant strate­gic mile­stone for AquaGen,’ said Odd Magne Rød­seth, chair­man of Trond­heim based AquaGen.

‘With this we get a new plat­form for growth and value cre­ation, help­ing AquaGen to main­tain and strengthen its com­mit­ment to trout breed­ing.

‘Due to a lim­ited mar­ket for large trout, many breed­ing com­pa­nies in Europe and Chile have cho­sen to close down their breed­ing pro­grammes for trout.

‘AquaSearch ova’s strong po­si­tion within the por­tion size trout sec­tor com­pletes our com­mit­ment to all farmed species of salmon and trout.’

Tor­ben Nielsen, CEO of AquaSearch ova, said: ‘This trans­ac­tion is very pos­i­tive for the trout in­dus­try be­cause it helps to pro­vide ad­vanced tech­nol­ogy and re­search re­sources to more trout farm­ers around the world.’

AquaGen’s Odd Magne Rod­seth (left) and AquaSearch ova’s Tor­ben Nielsen

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