AquaGen, the leading global salmonid genetics company, has signed an agreement to acquire 100% of the shares in Profunda, a facility in Barstadvik, Møre and Romsdal county, Norway that produces land-based broodstock of Atlantic salmon.
The facility is placed on a moraine ridge, and has an almost unlimited capacity of marine groundwater from wells drilled fifty meters down in the ground. The thick gravel materials provide a very good filtering of the seawater, and this gives an unique biosafety status of the water and the fish produced. Profunda has, since 2010 produced several generations of salmon broodstock. Throughout the production period there has been no incidents of disease or detections of fish virus at the plant.
ABG Sundal Collier advised Profunda and its shareholders in the transaction.
AquaGen is a breeding company which develops, produces and delivers genetic material to the global sea-farming industry. Through a market-oriented research and development AquaGen has achieved a leading position as a provider of fertilized eggs of Atlantic salmon and rainbow trout.