Hawk Seafood, a Norwegian seafood-focused investment firm, announced today that it has acquired a majority stake in Faroe Islands-based Sea Farm Innovations (SFI), a supplier of innovative solutions for the aquaculture industry. This acquisition is part of Hawk Seafood's strategy to develop a strong, diverse, and innovative solution provider for the growing aquaculture sector.
Joakim Stavnes Karlsen, CEO and Partner of Hawk Seafood, stated: "We believe that SFI has unique competencies to provide innovative solutions to the aquaculture industry's challenges, and we are excited to work with the highly competent SFI team to drive further growth."
SFI was founded in 2016 by Eyðbjørn Hansen and Gunnar Johildarson, and has since established itself as a leading provider of mechanical delousing solutions for the aquaculture industry. The company has developed the SFI SYSTEM, a high-capacity and low-footprint delousing solution that prioritizes fish welfare and ease of operation. The SFI SYSTEM has been successfully installed in salmon farms and service boats in Norway, Canada, Chile, Faroe Islands, and Scotland, and the company has achieved a good profitability over the past three years by delivering systems worth a total of DKK 90 million (€12.1 million and $13.1 million).
SFI will focus on expanding its presence in the market with Hawk Seafood as its new shareholder, with plans for recruitment and cooperation agreements to build a strong organization in Norway. The company will also strengthen its position in the Chilean market, where increased regulation related to fish welfare is expected to drive demand for its solutions.
Eyðbjørn Hansen, CEO and Co-Founder of SFI, said: "We are pleased to partner with Hawk Seafood, with their experience in developing growth companies and strong industry network, we are ready to embark on the next phase of our growth journey."
About Hawk Seafood
Hawk Seafood is a Norwegian investment company focused on investing in initiatives that drive sustainable growth in the seafood industry. The company is primarily backed by funds from Norwegian family offices and the investment team.