Saga comments

With FSN Capital as new majority owners, Saga believes Mørenot has found a solid partner for future growth and that the Company is well positioned to take a leading part in the consolidation that currently takes place among the suppliers to the fishery- and aquaculture market.

Ivan Alver, Partner

Saga Corporate Finance acted as Financial Advisor in the sale of Mørenot to FSN Capital.

With roots back to 1913, Mørenot is a Norway based, global leader in the fast-growing market for equipment and services to the fishery and aquaculture industries. Mørenot has shown strong performance in recent years and established a global platform for continued expansion. The Company has a strong Norwegian heritage founded on quality products, excellent service and close relationships with its customers.

In 2017, Mørenot reported sales of approximately NOK 880m and the Company has generated an organic sales CAGR of 8% between 2009 and 2017.

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Facts

  • Commissioned by: Mørenot Holding
  • Assigment: Sales mandate
  • Industry: Fishery- and aquaculture
  • Number of employees: 520

Financial history

Revenues (NOKm)
  • 662
  • 713
  • 804
  • 880

Mørenot is a world leading supplier of equipment and services to the world’s fishery- and aquaculture industries as well as marine seismic.