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The acquisition represents a new step in the Norwegian fish farmer's continued development as a leading and fully integrated producer of farmed cod.

Following positive results from the first production cycle, Ode will now roll out submersible cages to two additional sites during the spring.

Berg LipidTech AS is a well-established family-owned company based in Ålesund. Founded in 1993, it has decades of experience in its sector.

St. Andrews spans 1,500 hectares of cultivation and produces approximately 60,000 tonnes of mussels annually.

Today, November 21, marks World Fisheries Day, celebrating a sector that in Spain operates more than 8,600 vessels and generates over 2 billion euros per year.

Figures from the Norwegian Directorate of Fisheries shows a drop in pre-tax profitability for 2024 compared with 2023.