Vard hooks aquaculture equipment maker

OCTOBER 13, 2016 — Fincantieri’s Vard subsidiary is acquiring Storvik Aqua AS, a leading supplier of aquaculture industry feeding, measurement and control solutions, with operations in Norway, Chile and Scotland, and long term relationships with a range of key industry players.

Vard is paying NOK 35 million (about $4.3 million) and says the acquisition is in line its strategy of increasing its aquaculture business product range, capabilities and market position