September 14, 2018
September 14, 2018
Nordic Aquafarms brings on board key Inter Aqua Advance employees in RAS design, procurement and installation.
In the end of august, Inter Aqua Advance (IAA) filed for bankruptcy. Nordic Aquafarms was one among a number of large customers the company has served in the RAS aquaculture industry over many years. Nordic Aquafarms did not have any active IAA delivery contracts when the bankruptcy was announced, thus Nordic Aquafarms had no economic exposure.
We have the greatest sympathy for the competent and hardworking staff at IAA who became subject to this unfortunate event, says CEO in Nordic Aquafarms Erik Heim. The IAA team has delivered many RAS projects to major clients through the years.
In the aftermath of the bankruptcy proceedings, key IAA employees and Nordic Aquafarms quickly came to a common understanding to join forces. Employment contracts have now been signed with a core team of previous key IAA employees. As a result, we have added new strategic RAS design-, procurement- and process installation expertise to our growing international organization, says Erik Heim. A Nordic Aquafarms subsidiary office is being set-up in Aarhus, Denmark as an exciting addition to our global engineering capabilities. Our engineering resources will be merged into one seamless engineering team capable of delivering turn-key RAS projects.
We have been impressed by the experience and know-how of the IAA team working with us over the past year who did not have any involvement with the financial side of IAA. We wish them a warm welcome to our growing international team, says Ketil Fjeld, head of engineering in Nordic Aquafarms.
Our new team leader in Denmark, Mikkel Kristian Thomsen says, “Our team and ourselves chose to continue our career with Nordic Aquafarms as we are impressed by the professionalism in the Nordic Aquafarms team, the level of initiative and the ongoing innovation. We look forward to becoming an important part of Nordic Aquafarms.”
This remarkable development has now made Nordic Aquafarms self-sufficient in RAS design and delivery. These new in-house competencies will reduce cost and risk in our ongoing and future projects. They enable Nordic Aquafarms to “leap frog” its development plan in becoming a world class land-based seafood producer with cutting edge design and a strong environmental profile.
Nordic Aquafarms is setting new standards in the industry based on the know-how we have systematically built over the past years. We are launching production in the largest salmon tanks in the World in Fredrikstad, Norway at the end of this year. A new scaled-up and improved generation of RAS designs has also been developed with industry experts for upcoming expansions. We are committed to delivering the purest seafood, raised on land close to the consumer, at an increasingly larger scale and competitive cost.
For further information Erik Heim, CEO may be contacted at email@example.com.