Mowi Expands Northern Norway Footprint with Torghatten Aqua Seawater Farming Acquisition

Event summary

  • Mowi ASA has agreed to acquire Torghatten Aqua AS’s seawater salmon farming business for NOK 293 million (EUR 26 million).
  • The deal includes 3.37 salmon farming licenses (2,628 tonnes max biomass) in Northern Norway’s production area 8.
  • Mowi expects to harvest around 4,500 GWT annually from the acquired licenses.
  • The transaction is subject to approval by the Norwegian competition authority.
  • Mowi will return its 33.34% stake in Torghatten Aqua as part of the deal.

The big picture

This acquisition strengthens Mowi’s dominance in Northern Norway’s salmon farming sector, an area known for excellent biological performance. The deal aligns with Mowi’s strategy to sustainably grow harvest volumes while maintaining cost competitiveness. The transaction also reflects ongoing consolidation in the global aquaculture industry, as major players seek to secure strategic assets in high-performance regions.

What we're watching

Regulatory Approval
Whether the Norwegian competition authority will approve the transaction without conditions.
Integration Challenges
How Mowi will integrate the new licenses into its existing Northern Norway operations.
Biological Performance
The impact of Northern Norway’s biological conditions on Mowi’s harvest yields.

Related topics

Acquisition