AKVA's owners may sell company
The global aquaculture supplier has initiated a strategic review to maximise shareholder value
The owners of global fish farming supplier AKVA group are considering cashing in on recently improved revenues and profits by selling the company.
Directors have initiated a strategic review of alternatives to maximise shareholder value, which may involve a potential sale or “value creative business combinations”.
Norway-based AKVA said in a press release that after several years of targeted investments in technology, operational scale and system integration, the company has entered a period of strengthened commercial momentum across all business segments.
AKVA’s revenues have increased from NOK 3.4 billion (£264 million at today’s exchange rate) in 2023 to NOK 4.4bn (£342m) in 2025, representing a CAGR (compound annual growth rate) of 13.7%, accompanied by solid EBIT (operating profit) improvement over the same period.
Unlocking AKVA's value
The company said that following a capital markets day in 2025, it has seen continued strong commercial momentum across its business segments. As such, it currently sees a potential to exceed its previous 2030 guidance of NOK 7bn in revenue and above 10% in EBIT margin.
“Considering the above, the board of directors believes the timing is appropriate to explore strategic alternatives that may unlock and crystallise the underlying value of the company,” stated AKVA.
The controlling shareholder Egersund Group AS, which owns 51% of the company, and Israel Corporation Ltd, which owns 18%, are supportive of a process maximising value for all shareholders, at the right market conditions.
No decision yet
The strategic review is expected to be completed during 2026. No decisions have been taken and a transaction, if any, remains subject to market conditions and final binding agreements.
DNB Carnegie is engaged as financial advisor and Wiersholm as legal advisor to AKVA in connection with the strategic review.
AKVA supplies equipment for sea-based and land-based fish farming, and its digital business segment offers products for feeding assistance, and process and production control.
The company has regional offices in Denmark, Scotland, Lithuania, Spain, Greece, Turkey, Chile, Canada, China, and Australia.
