INVE Aquaculture now a self-governing group – Fishfarmer Magazine

INVE Aquaculture now a self-governing group08 October, 2013 –

2013 has been an important year for INVE Aquaculture, first with the celebration of its remarkable 30years anniversary

2013 has been an important year for INVE Aquaculture, first with the celebration of its remarkable 30years anniversary (a unique feat in this young industry) and now with becoming a fully self-governinggroup of companies.Recently, the shareholders of INVE BV Holding (Royal Bank of Scotland and Rabobank) officiallycompleted the separation of INVE Aquaculture and Nutriad. Since 2001, the two units had beenoperating under the same roof as business units, with INVE Aquaculture focusing on aquaculturenutrition and health. A key component to the legal & administrative separation was the decision of theshareholders to financially restructure the parent company, resulting in increasing the equity level ofINVE BV Holding to USD 24 million. Until now, the group’s equity had been equally divided betweenboth business units.“The separation and improved financial strength enables a bigger focus on both companies’ corebusinesses” says Philippe Léger, CEO of INVE Aquaculture. When asked how he sees the future forINVE Aquaculture, Léger concluded: “We will continue to enhance our company’s growth by offeringmarket-driven, science based and cost-effective innovations to the aquaculture industry. To achievethis, we can count on a unique and seasoned team of experts as well as our experienced people in thefield attending to our customers in all aquaculture markets”.INVE Aquaculture has customers in over 70 countries worldwide. It operates through 20 companiesin three continents with three production companies, three R&D facilities and fifteen service centers.INVE Aquaculture’s headquarters are in Belgium, Europe.