AKVA completes acquisition of YesMaritime Published: 02 April, 2014
AKVA GROUP ASA completed the acquisition of 100% of the shares in YesMaritime AS yesterday.
AKVA group ASA has acquired 100 percent of the shares in YesMaritime AS for a price of NOK 17.5 million. NOK 8.5 million of the purchase price was paid in cash on completion.
The remaining NOK 9 million will be settled in the form of a two-year seller credit from Egersund Group AS on market terms and conditions.
YesMaritime AS was established in 1985 and has developed to become one of the larger aquaculture farming service companies in Norway.
The company is operating out of Bergen and has 29 employees. Currently the company is operating 6 vessels providing a range of services to the fish farming industry in Western Norway.
The acquisition of YesMaritime AS gives AKVA group ASA a good position in the market for farming services to the aquaculture industry, said Trond Williksen, CEO of AKVA Group ASA.
This market is expected to grow in the coming years and we will see a consolidation of the players. YesMaritime AS also holds significant synergies with our existing activity.
14 days 1 month Tributes paid to Archie McFarlane Scottish shipyard secures £3 million aquac… Marine Harvest pulls out of Chilean operation Fishupdate Briefing Scottish mussels take starring role Scottish salmon exports rise by £60 million The fisher queen Friday 22 August 2014 prices at Peterhead Mackerel on menu as UK bids to overcome Ru… The sick fish website The not-so-wellboat Tragic haul for New Zealand trawler Quotas cut for 10 EU countries Up to 20 workers set be employed at airbas… UKs top 60 chippies named Tributes paid to Archie McFarlane Anger at sledgehammer” injunction on fishe… Scottish Government meets to discuss Russi… Ireland responds to Russian sanctions Norwegian fish farmers react to Russian sa…