Norwegian specialist in the handling, storage and transport of live fish, Cflow, has been acquired by PG Flow Solutions, a fellow Norwegian company specialising in cargo handling systems.
The undisclosed deal comes after several years of close collaboration between the companies combining Cflow’s fish welfare expertise with PG Flow’s profile and pump competence.
Steve Paulson, chief executive of PG Flow Solutions said: “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,” he added.
PG Flow Solutions has supplied cargo handling systems to more than 1,500 service vessels across various segments of the offshore, maritime and fishing/aquaculture industries whilst Cflow’s primary business areas are design, engineering and production of solutions and services for the fishing and aquaculture industries.
Gunnar Hoff, co-founder, chairman and head of the fisheries and aquaculture business areas at Cflow, said: “Cflow has, on average, grown 70 per cent annually over the past three years.”
“PG Flow Solutions will contribute with valuable competence, capacity and network to strengthen and further develop our position in a growing market,” he added.
Cflow Fish Handling and Cflow’s other subsidiaries will continue to operate out of its Langevaag-based headquarters, under the Cflow brand and retaining its current management team.
