Vikenco

What Vikenco does

Vikenco AS is a Norwegian seafood processing company founded in 1973 and headquartered at Rindarøyvegen 383, Aukra, on the island of Rindarøya on Norway's Atlantic coast. The company operates a fully integrated salmon production chain, enabled by its ownership linkage with SalMar (which joined as co-owner in 2010), spanning roe and smolt supply through SalMar Organic, marine grow-out, an on-site harvesting station, a value-added processing plant, and a marketing department. Core products include organic salmon certified to EU regulations and audited by DEBIO, fresh whole Atlantic salmon and trout, fillets and portions in trim grades A–F with skin on/off options, and by-products such as bellies, backbones, heads, and bits & pieces.

The company's primary technical differentiator is the trademarked SuperGreen™ supercooling process, co-developed with Nippon Gases Norge since 2000. It uses dry ice (CO2 recovered from fertilizer production) to cool fish to just below freezing without actual freezing, extending fresh shelf life by 5–6 days and enabling 2–3 day overseas transit. Vikenco holds an unusually dense stack of certifications — BAP, HACCP, BRC, Kosher, Global G.A.P., DEBIO, EU Organic/KRAV, MSC, ASC, and FDA registration — supporting access to premium B2B distributors in Norway, Europe, the USA, and the Far East.

Commercially, Vikenco runs a sales-led, B2B model with a dedicated in-house sales organization (VP Sales, domestic and international Sales Managers, Purchase and Logistics Managers) selling quote-based to seafood distributors and importers. A minor secondary revenue stream comes from a Badstue (sauna) rental on the Rindarøya facility at 200 NOK per person for 2-hour sessions. The most publicly visible customer relationship is with Boston Sword & Tuna (BST) in the US, a long-standing partner whose CEOs publicly reaffirmed the partnership in February 2026 after a confidential settlement of prior litigation. The company employs 101–250 people across sales, production, logistics, quality, HR, finance, and technical functions.

Name

Vikenco

Legal name

Vikenco AS

Website

https://vikenco.no

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

Vikenco AS is a Norwegian seafood processor, founded in 1973, that produces organic and conventional salmon products for B2B distributors across Norway, Europe, the USA, and the Far East, using its proprietary SuperGreen™ supercooling technology and a fully integrated production chain via owner SalMar.

Ownership category

akta.pro rank

Product category

Seafood Processing (Salmon Products)

NAICS

Seafood Product Preparation and Packaging (3117)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092)

akta.pro primary industry

Fresh & Frozen Seafood Fillets (Portioned, Skinless/Boneless) (AFANALAA)

akta.pro secondary industries

Freezing & Cold-Chain Seafood Processing (IQF, Blast Freezing, Glazing) (AFANADAE), Frozen Seafood Meals & Value-Added Seafood (CRADADAG)

Keywords

• Salmon processing
• Organic salmon supply
• Seafood distribution
• Frozen seafood products
• Fish fillet production

Headquarters

HQ city

Aukra

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Seafood Product Sales: Production and sale of salmon products including organic salmon, whole fish, fillets (A-Trim through F-Trim), portions, and by-products (bellies, backbones, heads, bits & pieces). Products made to customer specifications with flexibility in production system.
2. Badstue (Sauna) Rental: Rental of sauna facility to visitors for 2-hour sessions, accommodating up to 8 persons. Secondary revenue stream from hospitality/leisure service.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Vikenco AS is a Norwegian seafood processing company that produces and sells fresh and frozen salmon products, including organic salmon (EU/DEBIO certified), whole Atlantic salmon and trout, fillets and portions (A-Trim through F-Trim, skin on/off), and by-products such as bellies, backbones, heads, and bits & pieces. The company operates a fully integrated production chain through its partnership with SalMar Organic, from roe and smolt to marine growers to processed market products. Proprietary SuperGreen™ supercooling technology extends fresh product shelf life by 5-6 days through dry-ice cooling developed in collaboration with Nippon Gases Norge. A small secondary offering is a sauna (Badstue) rental service at the Rindarøya facility.

Product overview

Vikenco is a Norwegian seafood processing company founded in 1973, operating a fully integrated production chain from roe and smolt to market through its parent company SalMar Organic. The core product portfolio centers on salmon products including Organic Salmon (EU-certified), Whole Fish (Atlantic Salmon and Trout), Fillets and Portions (available in trim grades A through F with skin options), and By-Products (bellies, backbones, heads, and bits). The company distinguishes itself through its proprietary SuperGreen cooling technology, developed in collaboration with Nippon Gases Norge, which uses dry ice to extend fresh product shelf life by 5-6 days for long-distance transport. Vikenco also operates a secondary hospitality offering (Badstue sauna) at its facility.

Differentiator

Problem solved

Functional benefit

Brands

• SuperGreen: Vikenco SuperGreen™ is a unique cooling concept made in collaboration between Vikenco and Nippon Gases Norge. It guarantees fresh, cool and dry packed salmon using dry ice cooling technology to extend shelf life by 5-6 days.

Products and services

• Organic Salmon Salmon farmed to EU organic regulations and audited by DEBIO, featuring lower pen density (max 10 kg/m3), offcut-based feed, natural Panaferd pigmentation, and longer medication withdrawal times compared to conventional salmon. Sold as a core product to distributors and premium/organic seafood buyers.
• Whole Fish (Atlantic Salmon & Trout) Fresh whole fish including Atlantic Salmon and Trout, sold as complete fish to customers in national and international markets.
• Fillets and Portions Processed salmon products including various trim grades (A-Trim through F-Trim), skin on/skin off options, and portion cuts, made to customer specifications.
• By-Products Secondary salmon products including bellies (1-4cm and 3+cm), backbones, heads, and bits & pieces for further processing or alternative applications.
• Badstue (Sauna) Rental Sauna rental service located at Vikenco's facility on Rindarøya, with capacity for 8 persons per 2-hour session at 200 NOK per person, including changing rooms and showers with cold and hot water. Secondary revenue stream offered to visitors.

Quantifiable outcome

• 5-6 days extended fresh quality shelf life with SuperGreen technology
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Boston Sword & Tuna (BST)coreStrategic or Co-development Partner · 5 February 2026Long-standing partnership for seafood supply between Vikenco and Boston Sword & Tuna. Companies reached confidential settlement resolving prior litigation with no admissions of liability. Both committed to renewing partnership and focusing on continued collaboration and shared growth opportunities. CEOs of BST's parent company Fortune International and Vikenco AS publicly confirmed commitment to strengthening cooperation.
• Nippon Gases NorgecoreTechnology or Integration · 1 January 2000Collaboration with Nippon Gases Norge to develop SuperGreen™ supercooling technology. Vikenco has produced salmon based on Super Cooling technology since 2000. CO2 used in the process is a byproduct of fertilizer production and is recovered for use rather than emitted.
• Salmar OrganiccoreStrategic or Co-development PartnerFully integrated production chain from roe and smolt to marine growers through Salmar Organic partnership. Salmar joined ownership in 2010. Enables comprehensive quality control and traceability throughout production process.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bakkafrost: Bakkafrost is the largest Faroese salmon producer with vertically integrated farming and processing operations supplying premium salmon to global markets. Its premium positioning, integrated value chain, and global distribution footprint parallel Vikenco's organic/premium strategy.
• Lerøy Seafood Group: Lerøy is a large Norwegian seafood group with integrated salmon farming, value-added processing, and distribution. Its product portfolio (whole fish, fillets, portions, smoked salmon) and target customers (retail, foodservice, distributors) closely mirror Vikenco's.
• SalMar ASA: SalMar is Vikenco's majority strategic owner (since 2010) and the source of its integrated organic salmon supply via SalMar Organic. As one of the world's largest Atlantic salmon producers with end-to-end operations (breeding, farming, processing, sales), SalMar is the most directly comparable Norwegian salmon peer.
• Cermaq: Cermaq is a Norwegian-headquartered salmon farming company (Mitsubishi subsidiary) operating in Norway, Chile, and Canada. It is directly comparable as a salmon farming/processing peer supplying European, Asian, and North American markets.
• Norway Royal Salmon ASA: Norway Royal Salmon is a Norwegian salmon producer with operations in northern Norway and Iceland, selling fresh and frozen salmon internationally. It is directly comparable as a regional Norwegian salmon producer with similar customer base.
• Grieg Seafood ASA: Grieg Seafood is a Norwegian salmon farming group operating in Norway, British Columbia, and Shetland with integrated processing. It is directly comparable as a Norwegian-headquartered salmon producer serving global fresh and frozen markets.

Emerging players

• AquaBounty Technologies: AquaBounty is a smaller North American aquaculture company pioneering land-based salmon production. While at much smaller scale and using RAS technology, it represents an emerging alternative salmon production model relevant to Vikenco's long-term category dynamics.
• Hofseth International: Hofseth International is a Norwegian seafood company focused on sustainable Atlantic salmon and trout, including by-product valorization. Its premium positioning and emphasis on full utilization of salmon overlaps with Vikenco's organic/premium and by-product strategy.

Broad incumbents

• Mowi ASA: Mowi is the world's largest Atlantic salmon producer and a broad incumbent operating across farming, processing, and value-added seafood globally. It competes with Vikenco across fresh and frozen salmon in European, North American, and Asian markets, though at vastly greater scale.

Regional players

• Scottish Sea Farms: Scottish Sea Farms is a UK-based Atlantic salmon producer (joint venture between SalMar and Leroy). It operates a similar integrated salmon production model in Scotland and overlaps with Vikenco through shared SalMar ownership and similar premium customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vikencoas

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 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 Vikenco