BioMar has collaborated with LetSea for many years and currently owns 34 percent of the shares in it. Following the acquisition from KapNor, which is expected to be finalised in Q2, the feed company aims to consolidate and advance its innovation work, including waterborne feeding, the development of new feed ingredients, and continuous improvements in fish performance, health and welfare.
“This acquisition creates a unique position for BioMar as we secure access to further R&D capacity in Norway. At the same time, we will welcome a team of very competent research staff into our organisation, with an already established collaboration,” explained Carlos Diaz, CEO of BioMar Group in a press release.
Founded in 1996, LetSea offers a comprehensive range of controlled trials and projects with infrastructure ranging from 5x5 m tanks to full-scale sea cages. Located on the Helgeland coast, its facilities in Dønna allow for detailed assessments in controlled cages, providing an ideal environment for testing feed and technology across the entire production cycle.
"LetSea’s unique facilities and expertise complement our existing research efforts, enhancing our ability to innovate and test new solutions under real-life seawater conditions," said Simon Wadsworth, global R&D director at BioMar.
“Our long-standing collaboration has already delivered significant value to our customers, and we look forward to continuing this journey together,” he added.
