AKVA Group - M&A Activity 2014 | FinancialReports.eu

AKVA group ASA : Completion of the YesMaritime AS acquisition

AKVA group ASA has today completed the acquisition of 100% of the shares in

YesMaritime AS.

AKVA group ASA has acquired 100 percent of the shares in YesMaritime AS for a

price of NOK 17.5 million. NOK 8.5 million of the purchase price was paid in

cash on completion. The remaining NOK 9 million will be settled in the form of a

two-year seller credit from Egersund Group AS on market terms and conditions.

YesMaritime AS was established in 1985 and has developed to become one of the

larger aquaculture farming service companies in Norway. The company is operating

out of Bergen and has 29 employees. Currently the company is operating 6 vessels

providing a range of services to the fish farming industry in Western Norway.

"The acquisition of YesMaritime AS gives AKVA group ASA a good position in the

market for farming services to the aquaculture industry. This market is expected

to grow in the coming years and we will see a consolidation of the players.

YesMaritime AS also holds significant synergies with our existing activity"

states Trond Williksen, CEO of AKVA group ASA.

Dated: 01 April 2014

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Trond Williksen Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 63 01 73

Eirik Børve Monsen Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 91 63 98 31

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1773352]

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