BioMar to acquire full ownership of Norwegian research centre LetSea.
BioMar has signed an agreement to acquire full ownership of aquaculture research centre LetSea, by purchasing the remaining shares from KapNor. The acquisition strengthens BioMar’s position in fish feed research and development and enhances its capacity for innovation in aquaculture feed solutions.
The move follows years of collaboration between BioMar and LetSea on research projects focused on fish nutrition, health, and welfare. By taking full control, BioMar aims to consolidate its innovation efforts, with a focus on waterborne feeding, novel feed ingredients, and performance optimisation, according to a press release from the company on Tuesday.
“This acquisition creates a unique position for BioMar as we secure access to further R&D capacity in Norway. At the same time, we will welcome a team of very competent research staff into our organisation, with an already established collaboration,” said BioMar Group CEO Carlos Diaz.
LetSea, founded in 1996, operates facilities in Dønna on the Helgeland coast, offering controlled trials across a range of environments, from 5x5m tanks to full-scale sea cages. The site provides a real-world testing ground for fish feed and aquaculture technology.
“LetSea’s unique facilities and expertise complement our existing research efforts, enhancing our ability to innovate and test new solutions under real-life seawater conditions,” said Simon Wadsworth, Global R&D Director at BioMar. “Our long-standing collaboration has already delivered significant value to our customers, and we look forward to continuing this journey together.”
BioMar currently owns 34% of LetSea. The acquisition is subject to regulatory approval in Norway and is expected to close in the second quarter of 2025.
