Aarhus, Denmark-headquartered aquaculture feed company BioMar Group has announced its acquisition of leading Norwegian aquaculture research center, LetSea.
The company, which currently owns a 34-percent stake in LetSea, will take over the center’s remaining shares from KapNor. The sale is expected to be complete by Q2 2025.
“This acquisition creates a unique position for BioMar as we secure access to further R&D capacity in Norway," BioMar Group CEO Carlos Diaz said. "At the same time, we will welcome a team of very competent research staff into our organization, with an already established collaboration.”
Helgeland, Norway-based LetSea, founded in 1996, runs a variety of controlled trials and other experiments on infrastructure ranging from 5x5 meter tanks to full-scale sea cages, allowing aquaculture clients to test feed at every stage of the production cycle.
"LetSea’s unique facilities and expertise complement our existing research efforts, enhancing our ability to innovate and test new solutions under real-life seawater conditions," BioMar Global R&D Director Simon Wadsworth said. "Our long-standing collaboration has already delivered significant value to our customers, and we look forward to continuing this journey together.”
In its 2024 earnings report, parent company Schow & Co and BioMar CEO Carlos Diaz emphasized the company’s investment in supply chain efficiency and product portfolio optimization.
The feed supplier reported that it achieved strong results …
