AQS AS currently has a modern fleet of specialized service vessels, including high-speed dive boats, catamarans and single-hull vessels up to 49 meters.
Photo: AQS.
European infrastructure fund Marguerite has announced an investment in AQS, a Norwegian operator of service vessels for the aquaculture industry.
Through its latest fund, Marguerite III, the investment firm will acquire a 50% ownership stake in AQS via a capital increase. According to a press announcement, the investment is intended to support AQS’s fleet expansion and long-term development plans. The existing shareholder, Fanøyskjæret AS - the Løfsnæs family’s holding company - will retain the remaining 50%.
Established in 1991 and based in Flatanger in Trøndelag county, AQS operates a fleet of 16 specialised vessels and employs more than 160 staff. The company provides services to aquaculture companies across the Norwegian coastline, including several major international fish farming firms.
The funds will be used to expand AQS’s fleet, particularly focusing on new electric and hybrid vessels. Marguerite described AQS as "a pioneering operator of fully electric and hybrid vessels" and said the investment "aligns with Marguerite’s strategy to finance the decarbonisation of the maritime sector".
“We’re glad to partner with the Løfsnæs family to bring AQS into its new growth chapter," said Michael Dedieu, Managing Partner at Marguerite, in a press release.
“We strongly believe in the service vessel sector and the tailwinds for the underlying market, and we look forward to supporting AQS in consolidating its position as a leading Norwegian operator," Dedieu added.
“Today marks an important milestone for AQS,” said Ove Løfsnæs, Chairman of AQS. “The partnership with Marguerite provides us with the necessary resources to realise our ambitious growth plans and strengthen our position as a leading player in the industry," he added.
Following the investment, AQS plans to restructure its leadership team. A new Chief Executive Officer is expected to be appointed, while current General Manager Pål Anders Lauvsnes will take on the role of Chief Operating Officer.
The investment in AQS is Marguerite’s second in the maritime industry, following its earlier acquisition of Jifmar, a French operator of workboats. The AQS transaction is expected to be completed in April this year.
