Aquaculture for all

AquaGen moves in on trout market

Trout Breeding & genetics +3 more

AquaGen has entered into an agreement to purchase 51% of the Danish breeding company AquaSearch ova, one of the world's leading suppliers of genetics for the portion-size trout market.

Globally, portion-size trout is one of the fastest growing aquaculture sectors. Production in 2016 was 650,000 tonnes, with annual growth of 5-7% over the last 3 years.

AquaSearch ova, established in 2006, is a leading global player in breeding and egg production of trout. From its headquarters in Billund, the company has developed a competitive product portfolio, which is produced and distributed from its six manufacturing facilities in Denmark. A very high level of biosecurity enables the company to access all global trout markets.

“Our association with AquaSearch ova represents an important strategic milestone for AquaGen. With this we get a new platform for growth and value creation, helping AquaGen to maintain and strengthen its commitment to trout breeding. Due to a limited market for large trout, many breeding companies in Europe and Chile have chosen to close down their breeding programs for trout.

“AquaSearch ova's strong position within the portion-size trout sector completes our commitment to all farmed species of salmon and trout,” says Odd Magne Rødseth, Chairman of AquaGen. “There is a great potential for AquaSearch ova and AquaGen to gather interesting synergies through exchange of experience, cooperation on R & D and the use of joint technology platforms in the breeding work.”

"This transaction is very positive for the trout industry, because it helps to provide advanced technology and research resources to more trout farmers around the world," said Torben Nielsen, CEO of AquaSearch ova.

"I'm glad that AquaSearch ova will be part of a group that has a long-term commitment to developing and distributing trout genetics. The ability to share leading knowledge and breeding technology within different species will strengthen the development necessary to meet the rapidly growing demand for seafood, and with the global reach of AquaGen and EW Group, we can further develop our global distribution to reach all important trout markets,” he added.