NTS announced April 19 that they have agreed to acquire all the shares in Midt-Norsk Havbruk AS. As compensation the sellers receive stocks in NTS ASA valued at NOK 1.43 billion.

Midt-Norsk Havbruk is a salmon farming company located in Trøndelag County in Norway. The company holds ten ordinary salmon farming licenses and two R&D salmon farming licenses. The company expects production of 15,000 tons in 2017.

NTS ASA is listed at Oslo Stock Exchange and is a leading provider of transportation and services to the aquaculture industry.

- The combination of NTS and Midt-Norsk Havbruk creates a strong financial and operational aquaculture company with excellent opportunities for growth in farming, transport and other services, states CEO Harry Bøe in NTS.

The team from Arntzen de Besche has consisted of Steffen Rogstad, Jon Martin Atkinson and Stein Ove Solberg.

Read the press release from NTS ASA here.