24 September 2018 – Seafood investor Broodstock Capital has entered into an agreement to invest in water treatment company NP Innovation AB (NP Innovation), a leading supplier of water treatment technologies for aquaculture systems.
NP Innovation was founded by CEO Nils‐Åke Persson in 2013. The company’s head office is located in Malmo, Sweden, where all product development takes place. Its product range consists of pre‐filter, drum filters, disc filters and CO2 degassers for the aquaculture and public sector water treatment industries.
Prior to NP Innovation, Nils‐Åke Persson founded filtration technology company Hydrotech in 1984, a time when available filtration technology for fish farms was inadequate. Subsequently, he developed the successful drum filter for water treatment which became an instant success in the aquaculture industry. The company was sold to US Filter in 2002 and subsequently to Veolia.
“Nils‐Åke is considered to be the international guru within water filtration for RAS systems. The technologies he has developed are still dominating the global aquaculture landscape. However, we expect the new water treatment technologies from Nils‐Åke and his colleagues to raise the bar even higher when it comes to water quality and product reliability as well as lower maintenance costs,” says Kjetil Haga, partner at Broodstock Capital.
Following an acquisition of shares from three previous shareholders in NP Innovation, and a SEK 10 million share issue, Broodstock Capital owns half the company. The other half is owned by Nils‐Åke Persson and other members of the company’s management team.
NP Innovation currently employs 13 people. The company regularly supplies fish farming companies in Europe, USA, Chile and Canada. NP Innovation is expected to deliver revenues of approximately SEK 50 million in 2018. Approximately 90 percent of its revenues are from the aquaculture industry, with the remaining 10 percent from the public sector.
“We have on average grown 25 percent every year – and been profitable each year apart from the start‐up year – since we established the company. However, through Broodstock Capital’s entry we gain the financial muscles to quickly increase production capacity, which in turn will allow us to start bidding for larger projects worldwide. The latter will benefit both our customers and cooperation partners. I am excited to get Broodstock on board,” says Nils‐Åke Persson, CEO of NP Innovation.
The investment in NP Innovation is Broodstock Capital’s fourth in the seafood space. Its funds focus exclusively on investments in small and medium sized businesses within the seafood industry in general and in the fish supplier industry specifically. Broodstock Capital’s strategy is to own and develop businesses in partnership with founders, management and existing owners.
“Proper water treatment is at the heart of any RAS facility. Given the expected global growth in aquaculture production, combined with an increasing RAS market penetration, we believe NP Innovation is perfectly positioned to play an important role in the development of the aquaculture industry. We strongly believe NP Innovation possesses the most reliable and cost‐efficient filtration products available globally, which is why we have chosen to invest in the company,” says Simen L. Bjørnstad, partner at Broodstock Capital.
Kjetil Haga and Håkon Aglen Fredriksen in Broodstock Capital will join NP Innovation AB’s board of directors.
For further information, please contact:
Kjetil Haga, partner, Broodstock Capital, tel: +47 92 08 61 86, e‐mail: firstname.lastname@example.org
Simen L. Bjørnstad, Broodstock Capital, tel: +47 45 22 46 48, e‐mail: email@example.com
Nils‐Åke Persson, NP Innovation AB, tel: +46 705 31 11 94, email: firstname.lastname@example.org
Water Management Technologies (www.w-m-t.com) a leading company in water treatment providing microscreen filtration and equipment including complete RAS systems for aquaculture applications, has announced a partnership with Sweden-based NP Innovations to provide Drum- and Discfilters. WMT has been working with microscreen filtration since the 1990s. The NP microscreen filters replaces WMT;s earlier line of Drum- and Discfilters and is launched in USA, Canada and Mexico.
In order to improve our product portfolio within water treatment for aquaculture, we proudly present NP Innovation´s brand-new state-of-the-art product series: NP Discfilter and NP CO2-degasser.
Previously were Discfilter solutions not optimally designed for aquaculture applications but our new design, especially developed for this market segment will fill the gap. The NP Discfilter is available in three different versions:
- Free-standing tank
- Frame version
- Frame version with level tank
The CO2-degasser system, is a highly efficient CO2-degasser with optimized self-cleaning features. The system is simple but ingenious with minimum energy consumption and has a feature worth mentioning twice: its efficient self-cleaning advantage. Another important feature is the self-induction of air which often eliminates the need of a mechanical fan.
Our new product lines along with our top-seller: the NP Drumfilter, can be delivered with very short lead times from our production facilities in the southernmost region of Sweden. If you would like to get more information about our products please contact us at:
STM aquatrade S.r.l (www.acquacoltura.it) has announced a partnership with Sweden-based NP Innovation. The NP Products replace STM Aquatrade’s earlier line of microscreen filters and is being launched in Italy by STM Aquatrade.
STM aquatrade S.r.l. is a private company, located in Italy, working in aquaculture since 1983 specialised in two main activities: the engineering of marine farms and the distribution of professional equipment among which oxygen control and distribution, mechanical and biological filters, UV sterilization, ozone, fish pumps, fish counters, feed distributors, etc.
Welcome to visit us at Aquaculture UK 25 & 26th of May in Aviemore, Scotland. Booth 28 & 29.
Catvis B.V. (www.catvis.nl), a leading company providing high quality equipment for aquaculture applications has announced a partnership with Sweden-based NP Innovation to market the new NP Drumfilter. Catvis has been working with microscreen filtration since the 1980s. The NP Drumfilter is now replacing Catvis earlier line of drumfilters and is being launched by its offices in Europe.
Our new address is
NP Innovation AB
Kantyxegatan 25 b
SE 213 76 Malmö
Telephone: + 46 40 57 50 00
Biolight Technologias S.A. (www.biolight.cl), a leading company in water treatment, providing UV Disinfection technology components and microscreen filtration for aquaculture applications, has announced a partnership with Sweden-based NP Innovation to provide the new NP Drumfilter. Biolight has been working with microscreen filtration since the mid1990s for the Chilean aquaculture market. The NP Drumfilter is now replacing Biolight’s earlier line of drumfilters and is being launched in Chile by Biolight’s offices in Santiago and Puerto Montt.
Sterner AS (www.sterneras.no) is a leading company in water treatment in Norway. Sterner has been working with microscreen filtration since the beginning of the 1990s, with over 900 drumfilters delivered, mainly for the aquaculture business.
The NP Drumfilter is now replacing Sterner’s earlier line of drumfilters, and is being launched in Norway by Sterner’s offices in Ski, Bergen and Leknes.
“Drumfilter technology has not seen any major development in the past 20 years. When Nils-Åke Persson mentioned that he was developing a new drumfilter, we were immediately interested. Our ambition is to be first with new and better solutions,” says the Managing Director of Sterner, Bjarne E. Pettersen.
During 28 years in the water treatment industry, I founded and built Hydrotech into an industry leading microscreen manufacturer. Together with my partners, we developed the microscreen technology for aquaculture, industrial and municipal applications.
Since selling the original business, I have retained an active interest in filtration and microscreen technology, providing support in recent years to Nordic Water. Following approaches from a number of previous customers I have returned and established a new microscreen company together with my old partners, Rikard Olsson and Anders Mohlin; together, we make up NP Innovation.
Our first release is the NP Drumfilter; a development of our previous designs that have been so successful for more than 20 years. But of course, this is no longer enough, and that’s why we have improved, developed and verified the design in a number of areas. Check it out, and rest assured: there is more to come. You and the industry deserve better. A whole lot better.
together with my partners Rikard Olsson and Anders Mohlin