Mowi has formally merged Nova Sea into the group, completing the integration of the Norwegian salmon farmer following last year’s acquisition.
The decision to fold Nova Sea into Mowi ASA took effect on 3 March, according to a company statement released Tuesday. Mowi acquired 95 percent of Nova Sea in January 2025 and subsequently launched a voluntary offer to remaining shareholders. The transaction was approved by Norwegian and international competition authorities in October 2025.
Despite the merger, the Nova Sea brand will continue, and operations on the island of Lovund in Nordland will remain unchanged.
“Nova Sea has for many years been a guiding star in Norwegian aquaculture, with strong biological results and margins at the very top of the industry. This is something we are keen to preserve as we now become one company,” said Mowi CEO Ivan Vindheim.
Following the acquisition, Mowi expects harvest volumes of around 380,000 tonnes in Norway and 605,000 tonnes globally in 2026.
“With Nova Sea on board, Mowi Norway will strengthen its position as a locomotive both within the Mowi group and in the global aquaculture industry as a whole,” said Øyvind Oaland, chief operating officer for Mowi Norway.
Ørjan Tveiten has been appointed regional director for the newly formed Mowi Norway North.
The Nova Sea brand will continue within a separate entity, with salmon marketed and sold by the sales and marketing team based on Lovund. Activities on the island, including the construction of a new salmon slaughterhouse, will continue as planned.
“We will further develop the strong foundation that has been built on Lovund over several decades. The ambition is that this process will contribute to sustainable growth and new opportunities in Northern Norway and on Helgeland,” Tveiten said.