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KAPP acquires assets of bankrupt Skaginn 3X · Endata

◂ Announcements

Oct 16, 2024ACQUISITIONAkranes, Iceland

KAPP acquires assets of bankrupt Skaginn 3X

Icelandic seafood technology firm KAPP has acquired the assets of bankrupt fish processing equipment manufacturer Skaginn 3X for an undisclosed sum. The acquired entity will operate as KAPP Skaginn, backed by a consortium including VGJ, Tectru, and five former employees.

Status

Announced

Productsfish processing equipment

CompaniesBaader partner Skaginn 3X target KAPP acquirer VGJ investor Tectru investor

Sectors#Food Processing Equipment

“We're not just safeguarding jobs in Akranes, but aim to run profitable activity there which in the long-term could become a centre of expertise and development for the seafood sector in this country.”salmonbusiness.com

1 source
salmonbusiness.comNew hope for Skaginn 3X as investor group takes control following bankruptcy | Salmon BusinessEditorial TeamOct 16, 2024

Summarized from public sources; check the original articles before acting on it.

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