Knut Nesse, AKVA Group CEO.
Photo: AKVA Group.
Norwegian aquaculture technology supplier AKVA Group has announced it has begun a strategic review that could result in a sale of the company or another corporate transaction, as its board looks at ways to "maximize shareholder value", according to a stock exchange announcement made today (8 April).
The company said the review could lead to "a potential sale of AKVA or value creative business combinations", but added that no decision had yet been taken and that any transaction would depend on market conditions and final agreements.
AKVA said the move came after several years of investment and a period of stronger trading. According to the company, revenues rose to NOK 4.4 billion (€393.5m / $454.7m) in 2025 from NOK 3.4 billion in 2023. AKVA also reported an improvement in EBIT over the same period, although it did not give a figure in the announcement.
The company also said it had seen "continued strong commercial momentum" since its capital markets day in 2025 and now believed it had the potential to beat its earlier 2030 target of NOK 7 billion (€626.0m / $723.5m) in revenue, with an EBIT margin above 10%.
AKVA's business areas comprise sea-based infrastructure, land-based post-smolt and grow-out systems, and digital tools including biological ERP software and AI-based feeding technology.
In today's announcement, the company summarised the board’s view that "the timing is appropriate to explore strategic alternatives that may unlock and crystallize the underlying value of the Company".
AKVA noted the review has the backing of the company’s two largest shareholders, Egersund Group AS, which owns 51% of AKVA, and Israel Corporation Ltd, which owns 18%. DNB Carnegie has been appointed as financial adviser and Wiersholm as legal adviser in connection with the review, which will be completed by the end of 2026.