AKVA Completes Intragroup Merger with Subsidiaries
Deal News | Feb 07, 2025 | Globenewswire
AKVA group ASA, a leading company in aquaculture technology, announced the successful completion of the intragroup merger with its wholly-owned subsidiaries, AKVA group Software AS and Polarcirkel AS. The mergers have been finalized upon registration with the Norwegian Register of Business Enterprises, establishing AKVA as the surviving entity while the subsidiaries are dissolved. This corporate restructuring is part of AKVA's strategic efforts to streamline operations and enhance enterprise synergy within the group. The announcements confirming these mergers were initially made on November 7, 2024, and December 17, 2024. The completion underscores AKVA's adherence to compliance requirements under section 4.2.4 of Oslo Rule Book II and section 5-12 of the Norwegian Securities Trading Act.
Sectors
- Aquaculture Technology
- Corporate Restructuring
Geography
- Norway – The companies involved, AKVA group ASA and its subsidiaries, are registered in Norway, and the mergers were registered with the Norwegian Register of Business Enterprises.
Industry
- Aquaculture Technology – AKVA group ASA operates within the aquaculture technology sector, providing solutions for seafood harvesting and production, which is directly related to their business operations.
- Corporate Restructuring – The article discusses the completion of internal mergers, highlighting corporate restructuring within AKVA group ASA.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AKVA group ASA | Surviving Entity | Company | A leading company in aquaculture technology, providing integrated solutions for seafood production and management. |
| AKVA group Software AS | Non-surviving Entity | Company | A wholly-owned subsidiary of AKVA group ASA, involved in software solutions for aquaculture. |
| Polarcirkel AS | Non-surviving Entity | Company | A wholly-owned subsidiary of AKVA group ASA that is being dissolved in the merger process. |
| Norwegian Register of Business Enterprises | Registration Authority | Government | The government body responsible for the registration of companies and business entities in Norway. |