- CEO
- Knut Nesse
- Full Time Employees
- 1,496
- Sector
- Producer manufacturing
- Industry
- Metal fabrication
- Address
- Plogfabrikkvegen 11 Klepp Stasjon RO Norway 4353
- IPO Date
- Nov 13, 2006
- Business
- AKVA group ASA is a Norway-based supplier of technology solutions and services to the global aquaculture industry. The company operates through three main segments: Sea Based Technology, offering Polarcirkel, Wavemaster, and Akvasmart hardware brands including plastic cages, steel cages, feed barges, feed systems, sensor and camera systems, underwater lights, and net cleaning systems; Land Based Technology, providing water treatment solutions such as mechanical filters, UV treatment, biofilters, degasser units, oxygenation, cooling/heating systems, and lifting pumps; and Digital, delivering production control, planning, traceability, and ERP software for aquaculture and fishing operations. AKVA group ASA manufactures, assembles, sells, installs, rents, and services these products, along with consulting and project engineering for both sea-based cage farming and recirculating aquaculture systems (RAS). Founded in 2006 through the merger of AKVAsmart, Helgeland Plast, and Wavemaster, the company is headquartered in Klepp Stasjon, Norway, and maintains operations in all major aquaculture markets with offices in Norway, Denmark, Scotland, Lithuania, Spain, Greece, Turkey, Chile, Canada, China, and Australia. Recent developments include the completion of intragroup mergers with wholly owned subsidiaries AKVA group Software AS and Polarcirkel AS in early 2025 to streamline operations; full acquisition of Observe Technologies Limited in June 2024 to bolster AI-powered feeding solutions; acquisition of a controlling 51% stake in Submerged AS in 2024 with an option for 100% ownership in 2028 to enhance digital precision farming via the AKVA Fusion platform; and finalization in May 2025 of a significant land-based contract with Laxey EHF for a recirculating salmon grow-out facility in Iceland following MEUR 130 financing. In June 2025, AKVA group ASA announced ambitious targets of NOK 5 billion in revenue and 9% EBIT margin by 2027, alongside a revised dividend policy to return 40-50% of cash flow after investments to shareholders, and completed a share buyback program in November 2025.