Baader and Skaginn 3X have announced that the acquisition of a majority share of Skaginn 3X by Baader has been concluded.
The deal was announced in October last year and is aimed at extending the scope of superior solutions over the entire processing line, bringing the Baader’s decades of engineering expertise together with the innovative cooling, freezing and processing capabilities of Skaginn 3X.
“Our overall mission is to be the one go-to partner for customers within the fish industry, as we have done for over a hundred years. Our aim is to provide and service innovative standalone equipment and systems within all major segments of fish that are best in class, based on strong engineering and deep-rooted knowledge of the industry,” said Petra Baader, Executive Chairwoman of Baader.
The subsequent integration phase will focus on the creation of a new global sales organisation consisting of a joint Skaginn 3X and Baader salesforce. Once operational, the joint sales organisation will co-ordinate all global sales activities for all Skaginn 3X and Baader products.
Current sales contacts will remain to ensure continued familiarity in the early phases of the integration process, while Baader and Skaginn 3X will work towards establishing a single face to the customer.
“I am pleased that Skaginn 3X is joining forces with Baader. Our focus for the past 40 years has always been on developing innovative products for the industry. With the global Baader distribution network, Skaginn 3X can continue to focus on innovation and fully utilise manufacturing capabilities in Iceland to serve the new Baader sales and service network,” said Skaginn 3X CEO Ingólfur Árnason.
Baader and Skaginn 3X are committed to their site locations. No workforce reductions are intended with this joint venture, as existing capacities will continue to be needed to support future growth.