NorseAqua was acquired by CageEye during fall 2019, when the companies decided to join forces in order to realize their shared goal of optimizing seafood production in a sustainable way. After working together on solution development, sales, operations and support, the companies have now also finalized the move of all of their hardware production to Terråk, Bindal.
“One of the core strengths of NorseAqua has always been its ability to develop and produce high-quality hardware at a reasonable cost. The factory in Terråk is known for its hard-working, loyal, and highly skilled people. So to us, it was an obvious decision to move our CageEye hardware production to Terråk.” said Bendik Søvegjarto, CEO, CageEye.
The factory in Terråk has been producing materials for NorseAqua’s kelp systems, feed spreaders and other fish farming equipment since 2014. The company has been serving farmers in Norway and the rest of Europe.
“Robust hardware is essential in aquaculture. The environmental circumstances at fish farms can be rough. You don’t want a casing to break during a storm, so you need solid and high-quality production. It is great to have that in-house. Here in Terråk, we have lots of experience producing equipment for aquaculture that needs to be tough”, said Sveinung Kristiansen, CEO, NorseAqua.
A key element in the CageEye system is the hydroacoustic sensor that measures how the fish behave in the cage. The factory in Terråk was expanded, and an employee got trained to produce the parts needed for those sensors and the corresponding equipment.
CageEye’s growth plan for the coming years is to expand its business both into new geographies and into other species besides salmon. Moving production to Terråk is another step in accelerating the company’s growth. The production facility has the required resources and competence available and the production is scalable.
“There are 14 people working in our factory right now, producing products for farmers all around the world. Our expectation is to produce more new products in 2020. We have room to grow and we can easily set up additional production lines,” said Kristiansen.
“Given the ambitions we have, I am sure that in a few years from now, we will make many more products here in Terråk and we will further strengthen our position in the region,” he said.
One of the biggest challenges in coastal communities such as Terråk, is to provide enough and meaningful jobs for the local population. This will be particularly important as the Norwegian economy begins to recover from the Corona crisis.
“We are happy to have all of CageEye’s and NorseAqua’s production here in Terråk, so we provide jobs to the local community. It also shows evidence of the quality we have to offer here in Bindal,” said Kristiansen.
Farmed salmon is one of Norway’s main export commodities, and the aquaculture sector is a substantial contributor to its economy. The sector is expected to continue its vast growth internationally too in the coming years, with aquatech being the catalyst for optimizing production sustainably.
“As the world population grows and the demand for high quality and sustainably produced food continues to increase, we need to produce more, more efficient and with less impact. Our solutions help optimize food production in a sustainable way,” said Søvegjarto.