Steinsvik Group buys up AquaOptima Holding

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The Norwegian Steinsvik Group has acquired 59.7 percent of the shares in AquaOptima Holding, also from Norway, while existing shareholders maintain a minority interest.

The majority of the company has so far been owned by its employees, who are also continuing to create a strong position as an RAS (recirculation aquaculture system, ed.) supplier in Norway and abroad, AquaOptima writes in a press release.

“It has been important for us to find the right owners for AquaOptima, and we believe Kverva and Steinsvik can help position the company for the future. They have clearly demonstrated a commitment to our industry, which has been important to us,” says Borge Soraas, CEO of AquaOptima, in a comment.

Steinsvik Group, which is 100 percent owned by investment company Kverva, already has extensive involvement in the development and production of equipment, technology and solutions for breeders.

“Our ambition is to help build AquaOptima to become a world-leading supplier of RAS plant. We strongly believe that we will succeed in strengthening and further developing the foundation already laid,” says Bjørn Wiggen, board member of Kverva.

AquaOptima was established in 1993 and has since developed its own RAS system and several products for use in land based fish farming. The company has, to date, delivered facilities for RAS using its own products to customers in 37 countries and to approximately 20 different fish farming concerns.

Steinsvik is a leading manufacturer and supplier of robust solutions and products for the aquaculture industry. The company designs and supplies a wide range of equipment and software for all areas of the aquaculture industry, and aims to be a preferred partner in aquaculture technology. The group has its headquarters at Haugesund, Norway, with subsidiaries along the Norwegian coast, and in Scotland, Chile, Oceania, Canada and Vietnam.