Pure Salmon Technology completes acquisition of Billund Aquaculture's assets, develops post-smolt facility in Norway with Ecofisk
Acquiring Company
Pure Salmon Technology
Acquired Company
Billund Aquaculture
Abu Dhabi
Region Of Southern DenmarkIntellectual PropertyDescription
Pure Salmon Technology, based in Abu Dhabi, United Arab Emirates, has successfully acquired key intellectual property and assets from Billund Aquaculture, Denmark, as part of its global expansion strategy. Additionally, the company secured exclusive rights to purchasing Billund Aquaculture Australia and Billund Aquaculture Chile. This acquisition strengthens Pure Salmon Technology's technological capabilities and market position. In partnership with 8F Asset Management, Pure Salmon Technology also announced a collaboration with Ecofisk AS to develop a 7,000-metric-ton (MT) post-smolt facility in Espevik, Rogaland, Norway, with the aim of enhancing production efficiency and sustainability in the aquaculture ecosystem.
Quick answer
Pure Salmon Technology is acquiring Billund Aquaculture, announced September 6, 2024. Pure Salmon Technology is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.
- How much did Pure Salmon Technology pay for Billund Aquaculture?
- The deal value was not disclosed.
- What does Pure Salmon Technology do?
- Pure Salmon Technology is a company based in Abu Dhabi, United Arab Emirates, with a focus on aquaculture technology and development.
- Where are Pure Salmon Technology and Billund Aquaculture based?
- Pure Salmon Technology is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates. Billund Aquaculture is based in Region Of Southern Denmark, Denmark.
Source: Fundz verified event record.
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Frequently asked
Who acquired Billund Aquaculture?
Billund Aquaculture was acquired by Pure Salmon Technology, based in Abu Dhabi. The deal was reported on September 6, 2024. Pure Salmon Technology is a company based in Abu Dhabi, United Arab Emirates, with a focus on aquaculture technology and development. Pure Salmon Technology is privately held.
When did Pure Salmon Technology acquire Billund Aquaculture?
Pure Salmon Technology's acquisition of Billund Aquaculture was reported on September 6, 2024. Pure Salmon Technology, based in Abu Dhabi, United Arab Emirates, has successfully acquired key intellectual property and assets from Billund Aquaculture, Denmark, as part of its global expansion strategy. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Billund Aquaculture do?
Billund Aquaculture, based in Billund, Syddanmark, Denmark, recently declared bankruptcy due to financial troubles exacerbated by the Covid-19 pandemic and economic fallout from sanctions. It is privately held, operating in Intellectual Property, and is based in Region Of Southern Denmark.
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