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BioMar secures full ownership of LetSea, Norway’s leading aquaculture research centre

Norway, 11 March 2025 | This acquisition places BioMar in a unique position, securing access to expanded R&D capacity in the country

Granja marina de LetSea en Noruega | BioMar GroupLetSea farm in Noruega | BioMar Group

In a strategic move to strengthen its position as a leader in fish feed research and development, BioMar has signed an agreement to acquire full ownership of LetSea, Norway’s premier experimental and research centre for aquaculture. The acquisition, achieved by purchasing the remaining shares from KapNor, will further enhance BioMar’s ability to drive innovation in aquafeed solutions.

Having collaborated with LetSea for many years, BioMar is now taking full control to reinforce its commitment to responsible and suatainable fish feed solutions. This investment aims to accelerate advancements in waterborne feeding, the development of novel feed ingredients, and continuous improvements in fish performance, health, and welfare.

“This acquisition creates a unique position for BioMar as we secure access to further R&D capacity in Norway. At the same time, we will welcome a team of very competent research staff into our organisation, with an already established collaboration,” said Carlos Díaz, CEO of BioMar Group.

Founded in 1996, LetSea provides a comprehensive infrastructure for controlled trials and projects, ranging from 5x5 meters tanks to full-scale sea cages. Based on the Helgeland coast in Dønna, its facilities offer a controlled environment ideal for testing feed and technology across the entire fish production cycle.

“LetSea’s unique facilities and expertise complement our existing research efforts, enhancing our ability to innovate and test new solutions under real-life seawater conditions,” said Simon Wadsworth, Global R&D Director at BioMar. “Our long-standing collaboration has already delivered significant value to our customers, and we look forward to continuing this journey together,” he added.

Currently, BioMar holds a 34% stake in LetSea. The acquisition remains subject to approval by Norwegian authorities and is expected ot be finalised in the second quarter of 2025.

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