Back in 2023, Nekkar and BEWI Invest AS formed a partnership to jointly invest in FiiZK.
Nekkar
Nekkar ASA, a Norwegian company specializing in industrial technology for the maritime and aquaculture sectors, has exercised its call option to acquire the 40.43% stake in FiiZK AS previously held by Frøya Invest AS (BEVEST).
As a result, Nekkar's stake in FiiZK will increase from approximately 46% to 86%, giving the company control of around 90% of the voting rights. Also, Nekkar has announced plans to acquire the remaining minority stakes in FiiZK under similar terms.
The acquisition of BEVEST's stake is valued at NOK 55.1 million and was settled through the transfer of 3,649,079 Nekkar treasury shares, priced at the 30-day volume-weighted average price (VWAP) of NOK 15.09 per share.
In total, Nekkar paid around NOK 69 million to BEVEST for the shares and the shareholder loan, using 4.57 million Nekkar shares, equal to about 4.3% of the company’s share capital.
Back in 2023, Nekkar and BEWI Invest AS formed a partnership to jointly invest in FiiZK. Nekkar invested around NOK 50 million, partly in cash and partly through the development of its “Starfish” technology, an automated and digital system for fish farming cages.
Regarding this transaction, Ole Falk Hansen, CEO of Nekkar and Chairman of FiiZK’s board, said: "FiiZK is the leading provider of closed containment systems, having delivered 24 systems and produced more than 100 million post-smolts with strong biological results. The recent delivery of two Protectus systems to Mowi, along with four additional orders in the pipeline, shows the market’s confidence in FiiZK as a leader in a growing segment. We appreciate BEVEST’s support and efforts in developing FiiZK to its current position."
FiiZK is an aquaculture technology company that combines engineering, software, and advanced materials to improve fish farming—especially salmon production—focusing on efficiency and sustainability.