Seafood business acquisition
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Mowi enters into Transaction Agreement to purchase Torghatten Aqua’s salmon farming seawater business
Globenewswire· 2026-03-10 06:00
Core Insights - Mowi has entered into a Transaction Agreement to acquire Torghatten Aqua AS's salmon farming seawater business, enhancing its presence in Northern Norway [1][3] - The acquisition includes 3.37 licenses, allowing for a maximum biomass of 2,628 tonnes, with an expected annual harvest of approximately 4,500 GWT [2] - Mowi will return its 33.34% stake in Torghatten Aqua to facilitate the development of its non-seawater operations, with a net cash consideration of NOK 293 million (EUR 26 million) payable upon closing [4] Company Overview - Mowi is a leading global seafood company and the largest producer of farm-raised Atlantic salmon, with an estimated harvest of 605,000 tonnes in 2026 from multiple countries [5][6] - The company is recognized for its sustainability, ranked as the most sustainable listed animal protein producer globally by Coller FAIRR [6] - Mowi operates with a workforce of 12,500 employees across 26 countries and reported a turnover of EUR 5.7 billion in 2025 [6]