Aquaculture technology group AKVA has initiated a strategic review of the company, which it said could take the form of a sale.
AKVA announced the move on the Oslo Børs, calling it a means of maximizing shareholder value for the company during a period of positive performance. The company recently closed 2025 with a “solid order intake,” increased revenue, and increased EBIT.
“After several years of targeted investments in technology, operational scale, and system integration, AKVA has entered a period of strengthened commercial momentum across all business segments,” the company said.
AKVA said it is positioned well to support aquaculture customers with improved biological performance and scalable growth with a solid track record and market position in the land-based post-smolt grow-out technology segment.
“Through the Sea-based segment, AKVA is a mission critical supplier of a broad group of marine infrastructure and technology products, enabling the aquaculture industry to grow,” the company said.
The company said with those factors in mind, its board said the time is right to “explore strategic alternatives.”
Egersund Group is currently the majority shareholder for AKVA, owning 51 percent of the company, and supports the process, as is Israel Corporation, which owns a further 18 percent.
“The strategic review is expected to be completed during 2026,” AKVA said. “No decisions have been taken, and a transaction, if any, remains subject to market conditions and final binding agreements.”
AKVA said it has engaged DNB Carnegie to be the company’s financial advisor and Wiersholm as its legal advisor in connection with the strategic review.
AKVA closed FY 2025 with NOK 4.4 billion (USD 459.6 million, EUR 393.8 million) in revenue, up from the NOK 3.6 billion (USD 376.1 million, EUR 322.2 million) it reported in FY 2024. The company also posted an order intake of nearly NOK 4.3 billion (USD 44.2 million, EUR 384.8 million), up from the NOK 3.7 billion (USD 386.5 million, EUR 331.1 million) it posted the year prior.
