Tech business Havida merges with GroAqua

Tomas Sund, CEO of Havida, with GroAqua CEO Suni Justinussen

Norwegian aquaculture technology business Havida is merging with GroAqua in a move which, both companies say, strengthens their position in international markets.

Havida, based in Brønnøysund, supplies monitoring, control and winch technology in what it describes as “a complete ecosystem”.  It holds a strong market position in North and Central Norway.

GroAqua is located in Faroes, Scotland, Poland, Denmark and Norway. It was created when Faroes-based JT Electric came together with Sterner AquaTech UK under one brand last year, following JT Electric’s acquisition of Sterner in 2020.

Tomas Sund, CEO of Havida said: “At GroAqua, we’ve met a strong and positive team with deep commitment to their high-quality work. They really share our vision. Partnering with GroAqua will help boost our growth, driven by an ambitious expansion strategy in the Norwegian market and will create job opportunities along the coastline.”

Over the past 52 years, GroAqua has been a key contributor to fish farming growth in the North Atlantic region. The company is well established internationally with operations in Scotland, the Faroe Islands, Denmark, and Poland. GroAqua specialises in facilitating sustainable fish growth by remotely monitoring and controlling the feeding and breeding process – both in seawater and freshwater.

Suni Justinussen, CEO of GroAqua, commented: “We are excited to welcome the skilled team from Havida. Our highly qualified personnel across Norway, Scotland, Poland, Denmark, and the Faroe Islands are committed to deliver unparalleled service to our clients in these regions. With our broad product portfolio and production capacity, we have positioned ourselves firmly in the international market.”

Havida and GroAqua said the two companies complement each other in terms of products, culture and ambitions and will drive industry-wide innovation. The merged entity will deliver a broad set of products and services, ranging from simple solutions to extensive projects, complete with installation and after-sales service.

The management of Havida will become shareholders in GroAqua along with the remaining leadership of GroAqua and the industrial holding company P/F Tjaldur.

Havida HQ, Brønnøysund

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