Imenco acquires Vard Aqua

Anders Bastholm, VP for Aquaculture and Fish Farming in IMENCO. Photo: IMENCO.
Anders Bastholm, VP for Aquaculture and Fish Farming in IMENCO. Photo: IMENCO.

Norwegian company Imenco has acquired Vard Aqua (formerly Storvik Aqua). Vard Aqua has developed and supplied equipment for aquaculture since 1985, with offices in Norway, Chile, and Scotland.

"We at Imenco continue to invest heavily in Aquaculture and Fish Farming. This is one of the main areas in which we have decided to grow and take a significant part of the market. Now it is a natural step for us to search for exciting product areas, which will bring us new customers and markets, as well as where we can supplement with cameras and software that already exist in our product portfolio", says CEO of Imenco Rune Bringedal.

Rune Bringedal, CEO of IMENCO. Photo: IMENCO.

In turn, VP for Aquaculture and Fish Farming at Imenco, Anders Bastholm, said that the company is very pleased to be able to count on Vard Aqua's products and qualified employees. "We want to get closer to the customers where farming is carried out with a broader product portfolio. We are well established with production, service/support and sales in Norway, Scotland and now Chile, and will work further to establish sales and service departments in Central and Northern Norway, as well as in other countries where it is natural for us to be represented", he said.

According to the Chairperson of Vard Aqua, Amrit Bhullar, it was important for Vard to find a suitable owner for the company. "We are confident that Vard Aqua will have a successful future under Imenco's ownership. Both companies align in terms of their product offerings, strategies, and goals", he stated.

Tommy Visnes Storsveen, Managing director of Vard Aqua, expressed his appreciation. "We value the fact that Vard has placed an emphasis on finding the right owner for us, and we look forward to getting to know new colleagues and setting a new course for the company going forward. Our customers will gain more benefits from the fact that we can offer a wider and more complete range of deliveries, both from a product and technological perspective", he claimed.

About VARD

As a leading global designer and shipbuilder of specialized vessels, Vard has a strong presence in the industry with around 8,000 employees and shipbuilding facilities in Norway, Romania, Brazil, and Vietnam. Its subsidiary, Vard Aqua is a product developer and supplier of equipment for land-based and sea-based aquaculture since 1985. The company is managed from Sunndalsøra and has a total of 34 employees; 10 people in Norway, 22 in Chile, and 2 in Scotland. The company has developed and is delivering equipment within oxygen addition, feeding, biomass measurement, sensors, and logging. Vard has said the reason for the sale is the group's management wish "to facilitate the further development of Vard Aqua in a professional environment that focuses on sustainable solutions for the aquaculture industry at sea and on land".

About Imenco

Established in 1979, Imenco started as an engineering company and has grown through the development of its own solutions and acquisitions of other companies. Today, the company operates in five main areas: offshore oil and gas, offshore renewables, aquaculture, marine and naval, and industrial. The company has a leading position within subsea camera-, light-, laser- & electronics- technologies, retrofit systems for underwater corrosion protection, military and civil aviation refuelling systems, subsea & topside lifting & handling solutions, aquaculture camera technology, mil and civil visual surveillance CCTV systems and underwater acoustic communication & positioning systems.

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