Akva subsidiary looks to acquire aquaculture services firm

Akva group's subsidiary may acquire Techno Dive AS, an inshore and offshore diving and aquaculture farming services provider.

Akva owns 65 percent of Akva Marine Services AS, which announced on Tuesday it entered into a letter of intent regarding the possible acquisition and the parties look to settle in cash by the end of June.

The subsidiary expects Techno Dive AS to strengthen its position in the farming services segment.

Techno Dive AS has 16 full time employees, and an annual 2015 turnover of NOK 25 million ($3.1