A group of investors has acquired the assets of bankrupt seafood processing tech company Skaginn 3X. The new operation is expected to remain in Akranes as the new owners aim to lease much of the premises where Skaginn 3X had been located.
The assets have been acquired by the brand-new company KAPP Skaginn, behind which are the long-established tech company KAPP, investment vehicles VGJ and Tectra S/A, as well as key staff and a number of other investors.
This acquisition is subject to approval by the monopolies authority and the group hopes to start activity at the Akranes location in 1st November.
The KAPP Skaginn board is chaired by Freyr Friðriksson, the managing director and main owner of KAPP.
‘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,’ he said, adding that this step could not have been taken without a significant level of co-operation with not only the representatives of the bankrupt estate and the bank, but also the local authority in Akranes and others.
Skaginn 3X filed for bankruptcy in July, when all 128 staff were given notice. The company had been acquired in two stages by German technology group Baader, which acquired the full ownership in February 2022.
