The Nergard Group

What The Nergard Group does

The Nergard Group is a privately held, integrated Norwegian fishery group headquartered in Tromsø, controlling the full value chain from catch to sale across whitefish, pelagic, and shellfish categories. The company operates a fleet of five modern freezer trawlers (Sørkapp, Breidtind, Senja, J. Bergvoll, Kågtind II) and seven-plus processing facilities spanning from Lofoten to West Finnmark, with all operations covered under a joint MSC group certificate. Products include cod, haddock, saithe, Greenland halibut, herring, capelin, mackerel, snow crab, king crab, and cold-water prawns, sold as fresh, frozen, salted, stockfish, and value-added forms to global markets including Japan, USA, and Europe.

Under the parent Nergård Holding AS (which acquired 100% of shares from the founding family in 2010), the group runs 13+ wholly-owned subsidiaries organized by function: Nergård Havfiske AS (fleet), Nergård Fisk AS (whitefish processing), Nergård Sild AS (pelagic), Nergård Sørøya AS (West Finnmark processing), Nergård Seafood AS (sales), Lofoten Viking AS (stockfish/oil), and others. A 2021 joint venture with Lofoten Viking — Lofoten Biomarine AS — produces fish oil and protein concentrate from rest raw materials and is described as the world's first climate-positive ingredient supplier to the aquafeed industry. The company is led by CEO Tommy Torvanger, CFO Edel Johansen, and Chairman Per Magne Grøndahl, with 251-500 employees.

Revenue is generated through B2B direct export sales of wild-caught seafood and value-added by-products to global distributors, processors, and retail/foodservice buyers; pricing is not publicly disclosed and is driven by species, processing form, and market conditions. A specialty capability — capture-based aquaculture / live storage of cod across three sites (Senjahopen, Sørøya, Gryllefjord) — provides year-round supply of live cod, an unusual feature in the Norwegian whitefish segment. The company also holds a 40% stake in Berg Fiskeriselskap AS and partners with KIME Akva AS for farmed snow cod.

Name

The Nergard Group

Legal name

Nergård AS

Website

https://nergard.no

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

251–500 employees

Short description

The Nergard Group is a privately held, integrated Norwegian fishery group operating five freezer trawlers and seven-plus processing facilities across Northern Norway, catching, processing, and selling wild-caught whitefish, pelagic, and shellfish to global B2B markets.

Ownership category

akta.pro rank

Product category

Wild-caught Seafood Processing

NAICS

Seafood Product Preparation and Packaging (3117), Fish and Seafood Merchant Wholesalers (42446)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092)

akta.pro primary industry

Frozen Seafood Meals & Value-Added Seafood (CRADADAG)

akta.pro secondary industries

Smoked, Cured & Salted Seafood (Lox, Kippers, Bacalao) (AFANADAF), Shellfish Processing (Shrimp, Crab, Lobster, Mollusks) (AFANADAC)

Keywords

• Integrated fishery operations
• Wild-caught seafood
• Whitefish processing
• Pelagic fish products
• Frozen seafood export

Headquarters

HQ city

Tromsø

HQ country

Norway

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Wild-Caught Seafood Products: Integrated fishing, processing and sales of wild-caught seafood including fresh fish, salted fish, stockfish, frozen H&G, and fillets. Products sourced from company's own trawlers and coastal/ocean-going fleets, processed through own facilities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

The Nergard Group is an integrated fishery group engaged in catching, processing, and selling wild-caught seafood products including whitefish (cod, haddock, saithe, Greenland halibut), pelagic species (herring, capelin, mackerel), shellfish (snow crab, king crab, prawns), and value-added sub-products (cod liver oil, fish roe, fish protein concentrate, fish oil). The group operates five freezer trawlers and multiple MSC-certified processing facilities throughout Northern Norway, exporting products to markets including Japan, USA, and European countries.

Product overview

The Nergard Group is an integrated fishery company offering a diversified seafood portfolio organized across three main product categories: whitefish (cod, haddock, saithe, Greenland halibut), pelagic species (herring, capelin, mackerel), and shellfish (snow crab, king crab, cold-water prawns). The company operates across the entire value chain from fishing fleet operations (five freezer trawlers: Sørkapp, Breidtind, Senja, J. Bergvoll, Kågtind II) to processing at multiple facilities throughout Northern Norway. Products are sold as fresh fish, frozen (headed and gutted), salted fish, stockfish (dried), and value-added products including cod liver oil, fish roe for caviar, and fish protein concentrate. Subsidiaries include Nergård Seafood AS (sales), Nergård Havfiske AS (fleet), Lofoten Viking AS (stockfish/oil), Lofoten Biomarine AS (climate-positive ingredients), Nergård Fisk AS (fillet production), Nergård Sørøya AS, and Nergård Sild AS. Products are sold to global markets with MSC certification for sustainable sourcing.

Differentiator

Problem solved

Functional benefit

Brands

• Lofoten Viking: Stockfish, fish oil, and fish protein concentrate brand; acquired in 2001 and operated as retained brand within the group
• Kime Akva
• Global Fish

Products and services

• Cod (Torsk)

Quantifiable outcome

• Two MSC-certified processing plants
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Lofoten BiomarinecoreStrategic or Co-development Partner · 1 January 2021Joint venture between Lofoten Viking AS and Nergård AS established in 2021. Operates world's first climate-positive ingredient supplier producing fish oil and protein concentrate from rest raw materials at Værøy.
• Berg Fiskeriselskap ASminorOthers40% ownership stake acquired by Nergård Group. Strategic investment in fishing company.
• Global Fish AScoreChannel Partner/ Reseller/ DistributorSales partner handling pelagic products including herring, capelin, capelin roe, and mackerel. Part of the Nergård Group distribution network.
• KIME Akva ASminorStrategic or Co-development PartnerPartnership for snow cod (oppdrettstorsk) production - responsibly farmed in cold Arctic waters of Norway, providing year-round supply of premium cod products.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Regional players

• SalMar ASA: One of Norway's largest salmon farming companies (acquired Nergård's former Mefjord Laks unit). Regional Norwegian seafood incumbent sharing Nergård's Troms/Northern Norway footprint, though salmon-focused rather than wild-caught.

Broad incumbents

• Mowi ASA: World's largest Atlantic salmon producer with substantial value-added processing operations. Overlaps with Nergård in seafood processing and global B2B distribution but is salmon-focused rather than wild-caught whitefish.
• Maruha Nichiro Corporation: Japan's largest seafood company with global fishing, processing, and trading operations including cod roe, crab, and pelagic. Functions both as a major customer for Nergård's Japanese exports and a broad incumbent in the same global seafood supply chain.
• Lerøy Seafood Group: One of Norway's largest integrated seafood companies, with salmon farming and whitefish (via Havfisk) and global distribution. Comparable to Nergård as a broad Norwegian integrated seafood player, though salmon-focused rather than cod/pelagic-led.

Direct peers

• Norway Pelagic ASA: Norway's largest pelagic fish company, processing herring, mackerel, and capelin for global markets. Direct competitor to Nergård's pelagic operations, particularly in capelin roe and mackerel exports.
• Polar Seafood: Danish-Norwegian integrated seafood company that acquired Nergård's former Polar Kjøllefjord unit. Comparable as an integrated whitefish/pelagic processor with significant trawler fleet exposure.
• Austevoll Seafood ASA: Norwegian integrated seafood group combining pelagic operations (Welch's), whitefish, and salmon farming through its Austral Group and Lerøy stakes. Directly comparable integrated business model with overlap in pelagic and whitefish.
• Skagerrak AS: Norwegian pelagic fish exporter and processor focused on herring, mackerel, and capelin. Directly comparable to Nergård's Nergård Sild pelagic operations in terms of species mix and customer base.
• Havfisk ASA: Norwegian whitefish/cod fishery group wholly owned by Lerøy Seafood Group. Operates a fleet of offshore freezer trawlers and cod-processing operations, making it the closest direct competitor to Nergård's integrated whitefish/cod model.
• Brim hf: Icelandic integrated fisheries group operating its own trawler fleet and processing plants for cod, saithe, and pelagic species. Closest international peer by integrated wild-capture whitefish/pelagic business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NergardAS
• LinkedInno.linkedin.com/company/nergard-as

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Nergard Group