BioMar has signed an agreement to acquire full ownership of LetSea, Norway’s leading aquaculture research center, by purchasing the remaining shares from KapNor. This acquisition strengthens BioMar’s position as a global leader in fish feed R&D and enhances its innovation capacity.
Having collaborated with LetSea for years, BioMar aims to consolidate its research efforts, focusing on waterborne feeding, new feed ingredients, and fish health. The acquisition secures additional R&D capacity in Norway and integrates LetSea’s skilled research team into BioMar.
Founded in 1996, LetSea provides controlled trials and testing infrastructure on the Helgeland coast. The deal, pending regulatory approval, is expected to close in Q2 2025.