Olympic gold medalist alpine skier invests in lice laser company

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Aksel Lund Svindal sees potential in Stingray Marine Solutions, which manufactures lice-killing machines for salmon farms.

Top Norwegian Olympian Aksel Lund Svindal has invested in Stingray Marine Solutions, reports E24, which also lists a number of other of Svindal’s investments.

Through the newly created company A Holdings, Svindal has amassed almost all business activities. Svindal believes the company is worth EUR 12.4 million. According to Svindal, this is a conservative estimate.

Aksel Lund Svindal’s previous main company, A Management, posted a loss of EUR 1.4 million in 2019. Through this company, Svindal invested in the land-based salmon farmer Andfjord Salmon.

According to Stingray, the company has installed lasers in around 200 cages in Norway of a total market of 4,000 cages.

According to Wikipedia, Svindal has won two Olympic gold medals and five World Championship gold medals.