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Brim acquires Lýsi hf. with competition approval

PRIVATEJul 30, 202611 days ago

Acquiring Company

Brim hf

Acquired Company

Lýsi hf

IcelandIcelandFood and BeverageAgriculture and FarmingFood and BeverageOil And Gas

Description

The Icelandic Competition Authority has approved Brim hf.'s acquisition of Lýsi hf., noting no competitive harm. Both companies hold limited market shares and have global export operations. The approval clears the way for Brim to finalize the takeover. Consultations with competitors revealed no objections to the acquisition.

Company Information

Company

Brim hf

Location

Iceland

About

Brim hf. is a leading seafood company based in Iceland. It engages in the processing and sale of various seafood products, including fish oil and other ingredients. The company is known for its commitment to sustainable fishing practices. Brim hf. exports a significant portion of its products to international markets.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Lýsi hf?

Lýsi hf was acquired by Brim hf, based in Iceland. The deal was reported on July 30, 2026. Brim hf. is a leading seafood company based in Iceland. It engages in the processing and sale of various seafood products, including fish oil and other ingredients. Brim hf is privately held and operates in Food and Beverage.

When did Brim hf acquire Lýsi hf?

Brim hf's acquisition of Lýsi hf was reported on July 30, 2026. The Icelandic Competition Authority has approved Brim hf.'s acquisition of Lýsi hf., noting no competitive harm. Both companies hold limited market shares and have global export operations. The approval clears the way for Brim to finalize the takeover. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Lýsi hf do?

Lýsi hf. is a prominent Icelandic seafood and fish oil company. It specializes in producing high-quality cod liver oil and other seafood ingredients. The company exports its products to various global markets, emphasizing health and nutritional benefits. It is privately held, operating in Food and Beverage, and is based in Iceland.

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