Arendals Fossekompani acquires Kontali Analyse, 
establishes the new growth company Alytic
(Arendal, 30 October 2020) Arendals Fossekompani (OSE:AFK) has signed an
agreement to buy a 71 percent stake in Kontali Analyse.
“We are excited to have Arendals Fossekompani become the majority shareholder.
Supported by the digital competence and financial capabilities of AFK, Kontali
will be able to accelerate the digital transformation of the company and
strengthen an already leading position within aquaculture and fisheries,” says
Lars Liabø, founder and Chairman of Kontali.
Founded in Kristiansund, Norway, in 1987, Kontali has served as the leading
knowledge-based consultancy and data provider for the Norwegian fish farming
industry, collecting production data, establishing the first production and
market simulation models, and developing the salmon database. 
Today, Kontali is widely regarded as a leading competence center on aquaculture
and fisheries with a strong global presence systemizing the world of fisheries
and aquaculture.
“Kontali is a well-run company with dedicated professionals, who have built a
leading position over three decades. In a global and increasingly data-savvy
market, it is vital that Kontali accelerates the technology shift to capitalize
on the expertise within the company. Arendals Fossekompani is a perfect match,
with a proven track-record of developing data-driven companies through a
Software-as-a-Service (SaaS) business model that facilitates fast global growth.
This is what we did with Volue”, says Morten Henriksen, Executive Vice President
of Arendals Fossekompani.
Big data analytics, advanced product development and an extended offering on
species and geographies, have been identified as key areas for realizing the
potential of Kontali. 
“In addition to strengthening our global position in systemizing the world of
fisheries and aquaculture, we are looking forward to creating and building a new
data infrastructure that will speed up product development and offer a seamless
link to our customers. This allows for a higher level of recurring revenues
through subscriptions, based upon a SaaS business model. We expect a higher
growth rate going forward,” says Thomas Aas, CEO of Kontali.
The world of fisheries and aquaculture is dominated by local and regional
players. Many small companies with unique domain knowledge and expertise lack
the necessary resources and competence to scale up and make the transition to a
digital platform. Kontali will be set up to consolidate the market, and the
first step has already been taken by the acquisition of Seafood TIP in the
Netherlands.
AFK LAUNCHES ALYTIC
The acquisition of Kontali fits perfectly in a larger strategic move by Arendals
Fossekompani. AFK has established the new company Alytic, initially wholly owned
by AFK, to transform a wide range of data-driven companies that offers key
decision support to their respective industries. Capitalizing on the experience
from transforming similar businesses, Alytic will serve as a new growth arena
for AFK. 
Kontali is the first company in the Alytic portfolio, but we expect more to
follow.
“We are looking to invest in data-driven businesses in need of transformation
and scale. We have already identified a number of companies with products
relevant to global markets in targeted segments and industries,” says Morten
Henriksen.

For further information, please contact: 
Morten Henriksen, Executive Vice President Arendals Fossekompani, (+47) 916 28
871
Thomas Aas, CEO of Kontali, (+47) 984 88 409
Lars Liabø, Chairman of Kontali, (+47) 915 43 111


Kontali | www.kontali.no
Kontali is a leading competence center for aquaculture and fisheries. For more
than 30 years, Kontali has contributed with data, competence and analyses, which
has advanced the industry in Norway and internationally. The Kontali
headquarters are located in Kristiansund, Norway.

Arendals Fossekompani | www.arendalsfossekompani.no 
Arendals Fossekompani (AFK) is a green-tech investment company that owns energy-
and technology-related companies which enable the transition to a green economy.
Established in 1896, AFK has been a proud producer of renewable hydro power for
more than 100 years. The company is headquartered in Arendal, Norway and listed
at the Oslo Stock Exchange.