# 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.

- Type: Acquisition
- Announced: 2024-10-16
- Where: Akranes, Iceland
- Status: announced
- Products: fish processing equipment
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Baader](https://endata.com/companies/25552.md) (partner)
- [Skaginn 3X](https://endata.com/companies/46929.md) (target)
- [KAPP](https://endata.com/companies/80459.md) (acquirer)
- [VGJ](https://endata.com/companies/80460.md) (investor)
- [Tectru](https://endata.com/companies/80461.md) (investor)

## Sources

- [salmonbusiness.com](https://www.salmonbusiness.com/new-hope-for-skaginn-3x-as-investor-group-takes-control-following-bankruptcy/), 2024-10-16: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.