Vard ac­quires key equip­ment sup­plier

Fish Farmer - - European News -

LEAD­ING aqua­cul­ture sup­plier Storvik Aqua has been ac­quired by Vard Hold­ings, a Nor­we­gian builder of off­shore sup­port ves­sels, in a deal worth ap­prox­i­mately NOK 35 mil­lion. Head­quar­tered in Sun­ndal­søra, Nor­way, Storvik Aqua has a pro­duc­tion fa­cil­ity in Nor­way as well as sub­sidiaries in Chile and Scot­land, and a to­tal work­force of 33 em­ploy­ees. The com­pany will con­tinue to op­er­ate un­der its ex­ist­ing brand name, but in close in­ter­ac­tion with the Vard Aukra ship­yard. Its prod­ucts range from biomass mea­sur­ing, feed­ing equip­ment and oxy­gen op­ti­mi­sa­tion to tools for closed cage treat­ment and log­ging of en­vi­ron­men­tal data. Storvik Aqua’s prod­ucts will en­able Vard Aukra to de­liver spe­cialised ves­sels for fish farm­ing. And with a 30-year track record in the in­dus­try, Storvik Aqua has an es­tab­lished cus­tomer base that al­lows Vard Aukra to broaden its re­la­tions with po­ten­tial clients in the aqua­cul­ture busi­ness. The com­pany also pro­vides a plat­form for the de­vel­op­ment of new so­lu­tions, in par­tic­u­lar within biomass mea­sure­ment and fish health re­lated equip­ment. It re­cently launched the Ak­vaVi­sion cam­era, a new so­lu­tion for more ac­cu­rate biomass mea­sure­ment by use of un­der­wa­ter cam­era. VArd CEO and ex­ec­u­tive di­rec­tor Roy Reite said: ‘Through this ac­qui­si­tion, Vard con­firms its po­si­tion as a provider of in­no­va­tive so­lu­tions for the aqua­cul­ture busi­ness.’

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