Faroese aquaculture technology developer GroAqua is merging with Norwegian technology specialist Havida, the companies announced.
“Havida from Norway and GroAqua, two technology companies specializing in aquaculture feeding and sustainable fish growth, are merging,” the statement read. “This strategic alliance strengthens their positions in the international market by providing innovative technological solutions for sustainable fish growth.”
Havida, an innovative aquaculture technology company, holds a strong market position in northern and central Norway, we’re told.
“At GroAqua, we’ve met a strong and positive team with deep commitment to their high-quality work,” Havida CEO Tomas Sund was quoted as saying. “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 Northeast Atlantic region. The company is well established internationally with operations in Scotland, the Faroe Islands, Denmark, and Poland. GroAqua specializes in facilitating sustainable fish growth by remotely monitoring and controlling the feeding and breeding process—both in seawater and freshwater.
“We are excited to welcome the skilled team from Havida,” Suni Justinussen, CEO of GroAqua, commented. “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 complement each other in terms of products, culture and ambitions and will drive industry-wide innovation,” the announcement further read. “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 Tjaldur, according to the announcement.