Aqualine are delighted and proud to be able to announce that we have bought two well-run companies. This move strengthens us in a demanding and growing market. Both companies have solid expertise and experience within net production and service, areas we intend to carry on and strengthen.
This acquisition will strengthen Aqualine considerably as a national and international supplier to the aquaculture industry. Aqualine becomes a bigger and more complete supplier of systems for industrial production of maritime aquaculture.
The entire value chain with engineering, mooring systems, cages and nets will now be strengthened. This applies in particular to special production of nets and service (washing, impregnation and repair). Frøya Havbruksservice is a skilled and renowned net manufacturer, whilst Hestnes Offshore & Aquaservice has provided service on nets for many years.
The main shareholder, Kjell Fredriksen, is now divesting his shares after running the company since 1994. He has reached the age of 67 and wants to wind down this element of his activities to concentrate on his other businesses.
- “I am convinced that the skills and local ownership that Aqualine will bring to these businesses will help bolster their positions, progress and help secure jobs moving forwards,” says Kjell Fredriksen.
- “This is a good day for us,” says Vidar Skarpnes, the CEO of Frøya Havbruksservice and Hestnes Offshore & Aquaservice. “We have 30 years of experience with nets and look forward to working with Aqualine on the future of the companies.”