8 September 2025 - Artec Aqua AS (“Artec Aqua”) and VAQ AS (“VAQ”), both wholly owned subsidiaries of Endúr ASA (“Endúr”), are pleased to announce an upcoming sister company merger, with Artec Aqua as the acquiring company and VAQ as the transferring entity. The combined entity will bring together the complementary strengths of both organizations to create a stronger, more competitive player in the aquaculture industry. The approval and completion of the merger will be resolved by upcoming general meetings in the acquiring and transferring entities.
The new organization will continue with the established dual departmental structure, ensuring dedicated focus on both Hybrid and RAS operations, while maintaining its geographical presence in Ålesund and Asker. Fredrik Langehaug will continue as Managing Director of the merged company.
Through this merger, the combined entity will:
o Streamline and harmonize contract structures, pricing and risk frameworks, tender processes, calculations, and project evaluations
o Align systems such as ERP and PLM to ensure efficiency and transparency
o Act as a one-stop-shop, offering technology-independent solutions tailored to customer needs
o Address structural challenges, building a stronger foundation for long-term growth
o Unlock cost synergies, improving competitiveness and value-creation
“This merger marks an important milestone for both companies. By combining our expertise, capacity, and resources, we are positioning VAQ and Artec Aqua as a stronger and more capable partner for our customers, suppliers, and employees,” says Fredrik Langehaug, Managing Director of Artec Aqua.
“We at VAQ are very excited about this merger and the opportunities it creates,” says Sondre Høidalen, Managing Director of VAQ. “I look forward to contributing actively in the merged company, with a strong focus on business development and new opportunities within the group. By joining forces with Artec Aqua, we are building an even stronger platform to deliver value, innovation, and sustainable growth for our customers and the industry”, adds Høidalen.
“As the owner of both Artec Aqua and VAQ, Endúr strongly supports this merger. We are confident that the merged company will be even better equipped to serve the aquaculture industry, with greater scale, innovation, and a strengthened market presence,” comments Jeppe Raaholt, CEO of Endúr.
The merger is expected to be completed by the end of the fourth quarter this year. Until then, both companies will continue operations as usual while preparing for a smooth and seamless integration.
(ENDS)
For further information, please contact:
Media - Jeppe Raaholt, CEO of Endúr ASA, tel.: +47 976 69 759
Investors – Einar Olsen, CFO of Endúr ASA, tel.: +47 924 01 787
About Endúr ASA
Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance projects and services for infrastructure, including facilities for land-based aquaculture, quays, harbours, dams, bridges and other specialized concrete and steel projects. The company and its subsidiaries also offer a wide range of other specialized project and marine services. Endúr ASA is headquartered in Lysaker, Norway. See www.endur.no.