Singapore fund manager acquires Krüger Kaldnes

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Ensures in-house production of RAS facilities.

Singapore-based 8F Asset Management owns, among other things, the ambitious land-based salmon farmer Pure Salmon. Now, 8F is acquiring Krüger Kaldnes, Undercurrent News reports.

Pure Salmon plans to build a number of land-based salmon farms, with a total production capacity of 260,000 tonnes. The facilities will be built using RAS technology (Recirculating Aquaculture System), a technology that Krüger Kaldnes specialises in.

Norwegian firm Krüger Kaldnes is owned by the French group Veolia.

“The new company, Pure Salmon Kaldnes RAS, will focus on what it does best – land-based fish farming,” CEO Kent Kongsdal Rasmussen told IntraFish.

SalmonBusiness published an industry report this spring stating, among other things, that there are plans to produce between 2.3 and 2.4 million tonnes of land-based salmon. However, only a fraction of this capacity is funded.

Pure Salmon is the largest of the players in this category, with its 260,000 tonnes in planned production in a wide range of countries. However, the construction of Pure Salmon’s many facilities is also contingent on financing.