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Industrial Machinery & Components

Imenco Aqua has been acquired by AIS

March 2026 — Advanced Innergy Holdings Ltd. (AIH, trading as AIS) has entered into a definitive agreement to acquire 100% of the shares in Imenco Aqua AS and Imenco Chile SA, together referred to as Imenco Aqua, a global supplier of aquaculture technology solutions based in Norway and Chile.

Imenco Aqua is a Norwegian aquaculture technology company with over 50 years in the industry, delivering robust, innovative solutions for salmon farming worldwide. Headquartered in Norway with a strong presence in Chile, it specializes in oxygen and gas diffusion systems, biomass measurement, water quality monitoring and camera-based surveillance. Its portfolio includes patented oxygenation technology, AI-driven imaging for fish health monitoring and manual and robotic feeding systems designed to boost efficiency and sustainability. Imenco Aqua’s offshore engineering heritage ensures durable, high-performance products tailored for challenging marine environments. With a broad customer base, local service hubs and a higher rental model improving margins, the company is positioned for growth in high-demand segments of global aquaculture.

AIS is a global engineering and materials technology company delivering advanced insulation, passive fire protection, buoyancy and cable protection solutions. The company serves sectors including offshore energy, marine, industrial and renewables, providing mission-critical products and services that protect infrastructure, equipment and personnel in demanding environments.

Imenco is a Norway-based engineering and technology group delivering specialized products and integrated solutions to ocean and industrial industries. The company operates across the offshore energy, renewables, aquaculture and marine sectors, with capabilities spanning subsea electronics, corrosion protection, refuelling systems and monitoring technologies.

Our role in the transaction

Oaklins’ team in Norway acted as the exclusive financial advisor to the seller, with support from Oaklins’ team in Australia, which introduced the buyer that ultimately completed the acquisition.

Parties
“We chose Oaklins because of their experienced team and their strong industrial and technological understanding of our sector. Through their global organisation, they attracted a number of relevant international buyers and helped us identify the right strategic partner for Imenco Aqua. Throughout the process, the team demonstrated professionalism, structure and sound commercial judgement. Their guidance throughout the cross-border process was highly valuable, and we are very pleased with the outcome.”

Geir Egil Østebøvik

Chariman and owner, Imenco

Talk to the deal team

Øyvind Holtedahl

Partner
Oslo, Norway
Oaklins Norway

Scott McInnes

Managing Director
Melbourne, Australia
Oaklins Henslow

Kit Andre Gaup

Manager
Oslo, Norway
Oaklins Norway

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