SalMar completed the acquisition of NTS for $1.7bn.

SalMar, a firm that produces and sells farmed salmon internationally, completed the acquisition of NTS, a company that produces and sells farmed salmon through its subsidiary in Norway, for $1.7bn. The offer represents a $13.5 price per share with premium of 29%. The merger will facilitate improved capacity utilization combined the MTB and location portfolio, as well as the implementation of best practices on operation, which in total is expected to give even better biological results and lower production costs. The parties have great expertise in sales and distribution, and the merger will provide improved access to customers worldwide. The merger will in total strengthen the competence base and production capacity, and prepare the ground for further sustainable growth in the local communities parties operates, both in the northern parts of Trøndelag, northern Norway and the Westfjords in Iceland.