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Image: INAQ / FIS
Torghatten Aqua buys INAQ
NORWAY
Wednesday, March 27, 2024, 07:00 (GMT + 9)
Torghatten Aqua AS buys 66% of the shares in INAQ AS from Akva Fonds AS, and the company's employees will take over the remaining 34%. The purchase is important for the further growth and development of both companies in line with the companies' ambitious strategies and plans.
.jpg) The purchase price for the shares Torghatten Aqua is buying is NOK 19.8 million (USD 1.85 M) and is to be settled with 50% in shares and 50% in cash, i.e. 141,428 shares in Torghatten Aqua and NOK 9.9 MN (USD 920,000) in cash
"In order to develop the national and international seafood industry of the future, access to up-to-date and relevant expertise will be one of the most important success factors. Through its subsidiary Campus BLÅ AS, Torghatten Aqua AS has already established a basic educational offer in aquaculture and fisheries. In order to realize Torghatten Aqua's ambitious growth plans, access to the best possible expertise is important. The purchase of 66% of the shares in INAQ, which is one of Norway's leading consultancy companies for the seafood industry, is a strategic milestone that will help catalyze the development of the group", says CEO of Torghatten Aqua, Øyvind Løvdahl.
 "Torghatten Aqua AS already has extensive experience in working with the advisers in INAQ. We see the fact that employees in INAQ AS themselves become owners of 34% of the company as very positive and contributes to ensuring the future availability of expertise", says Løvdahl.
"Ahead of the company's 25th anniversary next year, it was time to lay down a new strategy for the further development of INAQ", says Frode Blakstad, owner of Akva Fonds and chairman of INAQ. "Strategy is one of the things we are good at at INAQ! In the past year, we have recruited several new employees, hired a new general manager and developed a new visual profile for the company. Now we are ready to take the next step in the repositioning of the company for the future. We do this by bringing in new investors who will build a strong bridge between the past and the future of the company."
 "Knowledge, competence and business development are strong common denominators for INAQ and Torghatten Aqua, and the companies have worked closely together over time", says Nina Santi, general manager of INAQ.
"Through Torghatten Aqua, INAQ has brought along long-term industrial owners who will give the company a strong network, while the broad ownership in Torghatten Aqua, including the fact that the company is listed on Euronext NOTC, secures INAQ's position as an independent and independent player vis-à-vis customers in Norway and internationally. There are also several possible synergies in this collaboration, perhaps particularly towards Campus BLÅ within the development and dissemination of knowledge and expertise. This applies initially nationally, but also internationally in the longer term", says Santi and emphasizes that they employees of INAQ have great faith in the further development of the company, and join the ownership side with a stake of 34%.
Source: Torghatten Aqua (Translated from the original in Norwegian)
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