Credo sells Optimar to Franz Haniel & Cie

The deal ends a five-year stint under Credo, after the GP acquired the business in November 2012.

Optimar will continue operations in its head office location in Ålesund. With the additional capital, its intends to fuel its growth in the domestic and international fishery and aquaculture industries.

The current management team led by CEO Håvard Sætre will continue to lead the company as part of the Haniel Group.

Previous funding
In November 2012, Credo Capital Partners acquired a 51% stake in Optimar for an undisclosed amount. Following the transaction, managers and owners retained 49% of the shares.

Company
Established in 1970 and headquartered in Ålesund, on the west coast of Norway, Optimar specialises in designing and producing automatic and robotic systems for the fish handling and fish farming industries.

With a staff of 350, it operates from six locations in Europe and the US to supply its global customer base. The company expects to generate a revenue of around €115m in 2017.

People
Credo Partners – Pål Brynsrud (senior partner).
Optimar – Håvard Sætre (CEO).
Franz Haniel & Cie – Stephan Gemkow (CEO).

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