Vard Acquires Equipment Supplier Storvik Aqua

Designer and builder of specialized vessels Vard Holdings Limited has entered into an agreement to acquire AS, an equipment supplier that provides feeding, measurement and control solutions to the aquaculture industry. The purchase price is approximately NOK 35 million.

 

“Through this acquisition, VARD confirms its position as a provider of innovative solutions for the aquaculture business,” said Roy Reite, Vard CEO and Executive Director.

 

Storvik Aqua has a production facility in Norway, as well as subsidiaries in Chile and Scotland, and a total workforce of 33 employees. The company will continue to operate under its existing brand name, but in close interaction with the Vard Aukra shipyard.

 

According to VArd, Storvik Aqua products will enable Vard Aukra to deliver specialized vessels for fish farming with innovative integrated solutions, differentiating it in the market.