Land-based tech company snaps up specialist along with intellectual property rights from bankrupt rival

Editorial Staff

The Danish company went under just a week after its Norwegian client, Salmo Terra, filed for bankruptcy. 

Pure Salmon Technology has acquired HyFlow, a waterborne feed technology, from bankrupt rival aquaculture equipment supplier Graintec.

The addition of HyFlow, including design and intellectual property rights, complements the company’s existing feed solutions, according to Pure Salmon Technology CEO Kent Rasmussen. The integration process will focus on aligning the new technology with the company’s digital platform, Njord.

Leif Grønbæk Holm, a specialist from Graintec with experience in aqua feed systems, has also joined Pure Salmon Technology to facilitate the implementation of the newly acquired technology.

Details on the financial terms of the acquisition were not disclosed.

Graintec was forced to close after Norwegian company Salmo Terra, founded in 2017 filed for bankruptcy after its 8,000 ton land-based salmon farm in Norway failed to attract sufficient investment. 

The Danish company, which was founded in 1984, went under just a week after its client filed for bankruptcy.

Graintec specialised in supplying salmon feed plants and feeding solutions to the salmon farming industry. The company worked with major industry players including Mowi in Norway and Proximar in Japan.

Pure Salmon Technology, formerly known as Kruger Kaldnes was acquired by global investment firm 8F from Veolia in 2021.


Related Articles