If Bergen-based Mowi, already the world’s largest salmon farmer, succeeds in its bid to acquire aquaculture services group NTS, it would create a company capable of producing upwards of 600,000 metric tons of salmon per year -- nearly a quarter of the current global production.

The company announced its surprise NOK 13.8 billion (€1.4 billion/$1.6 billion) offer Monday, leaping into an already contentious takeover battle for the aquaculture conglomerate.

In a recent trading update, Mowi announced a harvest target of 466,000 metric tons for 2021, stretched across its six salmon farming regions: Norway, Scotland, Chile, Canada, Ireland and the Faroe Islands.