NEKKAR ASA The sale is part of a streamlining of FiiZK, which will now focus on unconventional farming methods including closed and semi-closed cages for fish farming.
Through a joint investment in August last year, Bewi Invest (41%) and Nekkar (39%) became the largest shareholders in seafood industry supplier FiiZK. Since then, the owners have completed a successful restructuring of the FiiZK group and initiated a strategy process that has resulted in a plan for a more focused FiiZK.
“FiiZK wants to maintain our leading position in what we do, which means that we have to focus both our efforts and our resources, says
Closed and semi-closed cages
In the future, FiiZK will focus on the sale of closed and semi-closed fish cages, with associated software, maintenance and services. To date, FiiZK has delivered more than 20 cages and completed more than 70 production cycles, demonstrating strong fish growth and no problems with lice and escapes. A key part of this effort is FiiZK’s new closed cage called “Protectus”, which is based on the best solutions from the company’s three previous models, “Certus”, “Ecomerden” and “Starfish”. In addition, the company has recently launched “FiiZK FlekZii Cage», which is a semi-closed cage solution that reduces lice infestation.
FiiZK maintains its portfolio of technical textiles, such as lice skirts and treatment tarps, segments in which the company has a market leading position in
Moreover, FiiZK has access to Nekkar’s expertise within engineering, electrification, automation and digitization to further develop cage system technologies for the aquaculture industry.
Divestment of FiiZK Digital
As part of the streamlining of FiiZK, the opportunity arose to sell FiiZK Digital AS to seafood investor Bluefront, which has acquired several specialized software companies in the seafood value chain in recent years.
FiiZK Digital provides digital solutions that enable fish farmers to conduct strategic production planning through optimising both biological and financial conditions. This solution has no direct link to FiiZK’s focus on closed or semi-closed cages.
“This transaction is therefore a good fit for FiiZK, Bluefront and the FiiZK Digital team,” says
The transaction
Bluefront’s second fund, Bluefront Capital II, is acquiring 100 percent of the shares in FiiZK Digital from FiiZK Topco AS, the holding company of the
“The sale of FiiZK Digital strengthens FiiZK’s balance sheet and frees up resources that can be used to develop the company’s core business,” adds
Upon completion of the transaction, FiiZK Digital will initiate a process to re-name the company.
(ENDS)
Disclosure regulation
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Contacts
Ole Falk Hansen , CEO, +47 988 14 184, ir@nekkar.com
About Nekkar ASA
Nekkar (OSE: NKR) is an industrial technology group offering impact technologies combined with high-end software solutions. The group combines 50 years' heritage from the world's number one shiplift company, Syncrolift, with new investments into sustainable, digitalised technology businesses that aim to unlock growth within ocean-based industries such as offshore energy, renewables and aquaculture.
© NTB Norway, source
