Iceland-based Kaldbakur, the investment vehicle for the owners of Icelandic seafood giant Samherji, has acquired Norwegian fish processing technology provider Optimar International from German investment firm Franz Haniel & Cie, the company said Monday.

Terms of the transaction were not disclosed.

As part of Kaldbakur's portfolio, Optimar will continue to operate as an independent company.

Headquartered in Valderoya just outside Alesund, Optimar is a supplier of automated fish processing systems for use onboard fishing vessels, on land and in aquaculture.