BioMar has signed an agreement to acquire full ownership of LetSea, Norway’s leading experimental and research centre for aquaculture by taking over the remaining shares from KapNor. The acquisition reinforces BioMar’s position as a global leader in research and development for fish feed and strengthens its innovation capacity within aquaculture feed solutions.
After many years of successful collaboration with LetSea on research and development, BioMar signs an agreement to achieve full ownership, further strengthening the company's position in research and innovation for responsible fish feed solutions.
After many years of successful collaboration with LetSea on research and development, BioMar signs an agreement to achieve full ownership, further strengthening the company's position in research and innovation for responsible fish feed solutions.
With this investment, BioMar aims to consolidate and advance its innovation work, including waterborne feeding, the development of new feed ingredients, and continuous improvements in fish performance, health and welfare.
“This acquisition creates a unique position for BioMar as we secure access to further R&D capacity in Norway. At the same time, we will welcome a team of very competent research staff into our organisation, with an already established collaboration”, explains CEO Carlos Diaz, BioMar Group.
Founded in 1996, LetSea offers a comprehensive range of controlled trials and projects with infrastructure ranging from 5x5m tanks to full-scale sea cages. Located on the Helgeland coast, its facilities in Dønna allow for detailed assessments in controlled cages, providing an ideal environment for testing feed and technology across the entire production cycle.
"LetSea’s unique facilities and expertise complement our existing research efforts, enhancing our ability to innovate and test new solutions under real-life seawater conditions," says Simon Wadsworth, Global R&D Director at BioMar and continues:"Our long-standing collaboration has already delivered significant value to our customers, and we look forward to continuing this journey together.”
Today, BioMar owns 34% of the shares in LetSea. The acquisition is subject to approval from the authorities in Norway and is expected to close in the second quarter of 2025.
Results (117)
BioMar has obtained ASC Feed Certification for its production facility in Dueñas, Spain. As a supplier of aquaculture feed for Spain, Portugal, and markets in North Africa, this certification marks a decisive step in BioMar’s global strategy to provide ASC conforming feeds in key regions.
BioMar has achieved ASC Feed Certification for its production facility in Brande, Denmark, significantly expanding the reach of its ASC-compliant feed offering. As a key site supplying feed to Central and Northern Europe, Brande’s certification reflects BioMar’s commitment to responsible and certified aquaculture, enabling even more producers to align with the Aquaculture Stewardship Council (ASC) Feed Standard across species and geographies.
Cefetra, a leader in agricultural supply chains, and BioMar, a global producer of aquaculture feed, have formed a new partnership to reduce emissions from key vegetable-based ingredients in aquaculture diets.
On the opening day of the Global Shrimp Forum, BioMar, Innovafeed, and Auchan are proud to announce a significant industry commitment: the large-scale integration of insect protein into commercial shrimp feed in Ecuador.
Today at AquaNor BioMar launched POWER H2O, a new feed solution tailored for waterborne feeding systems. This new way of formulating gives salmon farmers a pellet that performs better under the unique conditions of these advanced farming systems.
BioMar has significantly increased the levels of vitamin D3 across all salmon diets. Research findings point to enhanced fish health benefits while increasing the nutritional value of farmed salmon for consumers.
BioMar’s production facilities in Myre and Karmøy, Norway, have officially achieved Aquaculture Stewardship Council (ASC) Feed certification. This latest achievement strengthens BioMar’s global commitment to responsible feed production and ensures Norwegian farmers have access to ASC-compliant feed ahead of upcoming requirements.
BioMar Group has announced a partnership for the manufacture and distribution of aquafeed through Fóðurblandan’s production facility in Reykjavik, marking a significant milestone as BioMar becomes the only global manufacturer with aquafeed production in Iceland.
The first quarter of the year underlines the continuous strong performance of BioMar. Record high volumes for the quarter, combined with solid earnings, provides a head start on the year. Year-on-year, BioMar increased volumes by 12%, driven by a positive development across all segments. While Salmon feed volumes increased by 7%, Selected Species went up by 13% and Shrimp reached an impressive increase of 24% in feed volumes, mainly driven by the business in Ecuador.
BioMar’s Costa Rica production facility has achieved ASC Feed Certification, marking a significant step forward towards responsible feed production for Central America's aquaculture industry.
An all-time low FFDR of 0.37 was reported today in BioMar’s 2024 Sustainability Report. This milestone was reached through the innovative use of alternative ingredients and trimmings, which now represent 55% of the total marine ingredients.
he year 2024 underlined the long-term positive development of BioMar. Profitability was remarkably strong in a year of declining volumes and revenue. Concluding a successful year, BioMar achieved a strong Q4, resulting in the best results ever for the group.