AKVA shareholders approve YesMaritime acquisition – Fishupdate.com

AKVA shareholders approve YesMaritime acquisition Published:  12 February, 2014

AN EXTRAORDINARY General Meeting of the shareholders of AKVA group ASA took place this morning in which they gave their approval of the company’s acquisition of YesMaritime.

Based in Norway, AKVA group is a leading technology and service partner to the aquaculture industry worldwide. 

AKVA group is present in all markets with offices in Norway, Chile, Denmark, Scotland, Iceland, Canada, Vietnam, Australia and Turkey, with the capability to offer both cage farming and land based aquaculture operations with complete technical solutions and service. The company holds strong, well-known brand names and the product line range from feed barges, steel & plastic cages, feed systems, nets, net cleaning, underwater lights, feed cameras, environmental sensors, production and process control software, workboats, recirculation systems to PE piping etc. 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. In 2012 the Company had a turnover of NOK 48,362,760 million, net profits after tax of NOK 4,022,025 and total assets of NOK 24,772,069.

The cost of the purchase of YesMaritime is NOK 17,500,000.

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