Fiskevegn and Mustad Autoline in closer co-operation
Following Mustad’s acquisition earlier this year of a 50% share in Fiskevegn, by acquiring Vetrhus Holding AS (now Mustad Sealine AS), these two prominent names in the world of longline technology have agreed to work more closely together.
Based at Flatraket in western Norway, Fiskevegn is a well-known manufacturer of longlines and fishing gear, whereas Mustad Autoline is prominent in manufacturing mechanised systems for automated longline fishing. Following this new co-operation agreement, the companies will strengthen their customer/supplier relationships in certain business areas but will remain independent businesses.
“We have always had great respect for Fiskevegn as a company and the high quality of products they manufacture. We believe there are significant opportunities in expanding manufacturing and product development at Flatraket and we look forward to being able to offer Fiskevegn longlines to our customers,” said Mustad Autoline chairman and owner Hans H. Mustad, commenting that he is looking forward to this closer co-operation.
The Solheim family will continue to own 50% of Fiskevegn through its company Helge Solheim Holding AS.
“We have identified significant synergies between the two companies, although they remain competitors in some segments such as automated equipment for the longline fleet,” Fiskevegn chairman Helge Solheim said, welcoming Mustad Autoline as a new 50% owner in the company.
“Mustad Autoline does not have its own longline production and Fiskevegn sees a great potential here. This will further strengthen the positive development that Fiskevegn has seen in recent years.”
Fiskevegn runs a sales department in Ålesund as well as owning BFG and 50% of the SIA Magistr-Fiskevegn Group in Latvia. In addition, Fiskevegn has distributors in Seattle, Christchurch in New Zealand, Nuuk and St. Johns.
Mustad Autoline AS has its head office and factory at Gjøvik in eastern Norway, with a sales office in Ålesund and sales companies in Seattle and Newfoundland, as well as the subsidiary Mustad Havservice AS (Ålesund) that supplies coastal fisheries from divisions in Ålesund, Båtsfjord, Myre and Austevoll.
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