Norwegian pump supplier PG Flow Solutions AS has acquired Cflow, a company that specialises in the handling, storage and transport of live fish.
Based in Langevaag, Norway, Cflow develops, designs and manufactures complete fish handling systems for the fishery and aquaculture industries. The company employs around 70 people and had 2017 revenues of more than NOK300 million.
PG Flow Solutions says that the acquisition is designed to make it a more complete solution provider to companies operating in the fisheries and aquaculture industries.
The two companies have been cooperating for a number of years on projects where Cflow has combined its fish welfare competence with PG Flow Solutions’ pump technology to develop new solutions for improved fish handling.
“We have supplied pump and liquid handling systems to vessels within the aquaculture and fishing industries for more than three decades. Through the acquisition of Cflow, we are strengthening our offering within these increasingly important markets – adding first-class products and solutions that that are complementary to our own product range,” said Steve Paulsen, CEO of PG Flow Solutions.
“Cflow has on average grown 70% annually over the past three years. This confirms that our customers see the economic and operational benefits of our system solutions. PG Flow Solutions will contribute with valuable competence, capacity and network to strengthen and further develop our position in a growing market,” said Gunnar Hoff, co-founder, chairman and head of the fisheries and aquaculture business areas of Cflow.