Michael Bäärnhielm, CEO of NP Innovation.
Photo: NP Innovation.
Haf Investments, an Icelandic private equity fund specializing in the seafood sector, has become the majoriy owner of NP Innovation, an international developer and producer of water treatment products for aquaculture, headquartered in Malmö, Sweden.
“This marks a significant milestone for NP and a natural next step in our growth journey,” said Michael Bäärnhielm, CEO of NP Innovation, in a press release announcing the deal.
“With Haf as our new majority owner, we will further strengthen our presence in key markets, continue delivering innovative solutions to our customers, and drive expansion through strategic growth initiatives," he added.
NP Innovation currently has production facilities in Sweden, an expanded service organization in Iceland, in addition to offices in Sweden and Norway.
The company was founded by Nils-Åke Persson in 2011, and specializes in micro-particle separation and water treatment technologies, with 90% of its sales focused on aquaculture. According to the company, it achieved sales of approximately SEK 180 million (EUR 15.9m / USD 16.9m) in 2024.
“NP's track record of continuous product improvement, exceptional expertise, sharp customer focus and innovative company culture is the key driver behind Haf's acquisition of NP," said Kristrún Auður Viðarsdóttir, CEO of Haf Investments.
"We are excited to further support NP in its growth journey, directly influencing improved fish health and sustainable water use. NP is an excellent fit with our investment strategy, and we see a strong opportunity to develop NP into a global leading provider of water treatment solution and services for the aquaculture industry. We look forward to working closely with other shareholders and the NP team to drive long-term success for all stakeholders," Viðarsdóttir added.