Aquaculture acquisition: InnovaSea to buy Nortek Akvakultur

JANUARY 4, 2018 — Boston, MA, based InnovaSea Systems, which produces open-ocean fish farming systems, has entered into a definitive agreement to acquire Norway-based Nortek Akvakultur, a provider of environmental data to the aquaculture industry.

Nortek Akvakultur has an installed base of more than 300 sites in every major production region in Norway.

InnovaSea will combine Nortek Akvaculture with its Realtime Aquaculture unit, which has developed underwater wireless technology that provides a scalable solution for monitoring aquaculture sites. The technology is transforming the way environmental monitoring is done on fish farms around the world.

According to Tor Skoglund, Managing Director of Nortek Akvakultur, “We’ve recently moved our operations from Oslo to Bergen, bringing us closer to the industry and our major clients. This acquisition further strengthens our position by providing access to new technology that we believe can be a game changer as we work to help our customers monitor conditions in every cage.”

Atle Lohrmann, CEO of Nortek, comments “Nortek’s early transition to cloud-based systems has allowed us to successfully deploy hundreds of monitoring stations with a minimum of local effort. We are pleased to see how InnovaSea brings continued technological innovation to the community by using underwater communication as part of the solution. “

David Kelly, CEO of InnovaSea states, “Nortek Akvakultur brings us closer to the industry in Norway and adds a team of skilled developers with unique expertise developing solutions for the industry. Combining Realtime Aquaculture and Nortek Akvakultur is a logical step in growing the business and expanding opportunities both in Norway and globally.”