Alfa Laval has acquired LiftUP, a manufacturer of waste-extraction systems for fish farms based in Eikelandsheiane, Norway.
Founded in 1991, LiftUP makes and markets products for removing waste from fish farms to reduce their impact on the marine environment, with the ability to remove up to 70 percent of sludge from open cages.
"This acquisition is a valuable addition to our sustainable aquaculture portfolio, expanding our offering of fish-farming solutions that increases both the productivity and economic attractiveness of fish-farming solutions while reducing its impact on the environment," Alfa Laval Marine Division President Sameer Kalra said in a press release. "It is a win-win for the industry and for society."
Terms of the deal were not disclosed. LiftUP recorded revenue of NOK 70 million (USD 8.2 million, 7.1 million) in 2020 “with good profitability,” according to Alfa Laval. Following the close of the acquisition, LiftUP will become part of the pumping systems business unit of Alfa Laval’s marine division.
Lund, Sweden-based Alfa Laval is a publicly-listed conglomerate with more than 16,700 employees and 2020 sales of SEK 41.5 billion (USD 4.7 billion, EUR 4.1 billion). It claims to be a world leader in heat transfer, centrifugal separation, and fluid handling, and active in the areas of energy, marine, and food and water. Its acquisition of LiftUP is “part of Alfa Laval's strategy of building up an attractive aquaculture product portfolio and creating an expanded and sustainable growth platform for the future,” it said.
“The LiftUP system is a complement to the Alfa Laval Framo pumping system AquaStream, which brings up fresh low temperature water with high oxygen levels (from around 25 meters depth) and creates a perfect sea current – thereby providing conditions similar to the deep fjords, creating an optimal environment for the fish,” it said.
Photo courtesy of LiftUP
