Aquaculture for all

Aquaship/Intership acquires FSV in landmark deal

Technology & equipment Politics Mergers and acquisitions +2 more

Aquaship/Intership, backed by American Industrial Partners (AIP), has acquired FSV Group, creating the world's second-largest maritime service provider for the aquaculture industry.

Ole Peter Brandal, Aquaship/Intership CEO.
Ole Peter Brandal, CEO of Aquaship/Intership

© Aquaship/Intership

The global shipping company Aquaship/Intership, which specialises in aquaculture, has merged with FSV Group to create the world's second-largest maritime service provider for the aquaculture industry. The combined entity offers a wide range of services, including transportation, treatment, feed distribution, harvesting, and site support, tailored to the sector's needs.

"We are an excellent match as our companies share a similar mindset and are built around a culture of innovation, creativity, and solving real-world challenges and opportunities for the industry. At the same time, we each specialise in different segments of the service industry and global markets. Now combined, we are able to deliver even more vessel types and services while maintaining the same high quality,” says Ole Peter Brandal, CEO of Aquaship/Intership, in a press release.

The combined companies will operate a fleet of 60 vessels, with eight additional vessels currently being built. More than 1,000 employees will work across Norway, Chile, the United Kingdom, Ireland, Canada and the Faroe Islands.

"We are positioning ourselves for growth across the full spectrum of innovative technology and know-how across each of the critical services that the aquaculture industry increasingly demands worldwide. With global innovation hubs continuing to develop solutions to improve aquaculture vessel operations and resulting farmer production volumes and yields, but now with one of the industry’s largest network of vessel types and geographies to collaborate across, we will keep striving to anticipate and exceed customer expectations. This combination moves us still farther ahead of the curve,” said Arild Aasmyr, CEO of FSV.

"We have grown to a size where taking the next step requires even greater resources, capacity, and expertise. After thorough evaluation of different options, we believe this is the optimal way to offer our customers an even broader and better range of services while ensuring our employees have exciting career opportunities and room for growth,” commented Per Olav Myrstad, co-founder and chairman of FSV.

Following the merger, Ole Peter Brandal will continue as CEO of the group, while Aasmyr will remain CEO of FSV. The three companies are actively seeking more employees, both onshore and at sea.

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