Pescanova
Nueva Pescanova is a Spanish multinational seafood group that controls a vertically integrated value chain of wild-catch fishing, aquaculture farming, industrial processing, and global commercialization, selling 70+ species of fish and shellfish to wholesale, retail, and foodservice customers across 80+ countries.
- Company typePrivate
- Founded1975
- HeadquartersRedondela, Spain
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Pescanova does
Nueva Pescanova is a Spanish multinational seafood group operating a fully integrated value chain that spans wild-catch fishing, aquaculture farming, industrial processing, and global commercialization. The group controls a 53-vessel fleet operating in Southern Hemisphere fishing grounds, more than 7,000 hectares of aquaculture farms producing turbot and shrimp, and 17 processing plants across 10 countries. It commercializes more than 70 species of fresh, chilled, and frozen fish and shellfish under the Pescanova consumer brand and regional subsidiary brands (NovaNam, Argenova, Promarisco, Pescanova Hellas, Camanica, Novaperu, Novaguatemala, Pescanova Italia, Pescanova Portugal, Pescanova USA, Pescanova France) into more than 80 countries. The company is the post-2013 restructured entity of the historic Spanish Pescanova group and is controlled by Galician bank Abanca following the capitalization of claims during that reorganization.
The group invests in proprietary industrial technology under an Industry 5.0 program, including the SEA2TABLE 4.0 multi-factory digital twin connecting three Galician industrial centers, AI-based quality inspection using X-ray, terahertz, and hyperspectral vision (SENSOMARE), blockchain-enabled end-to-end traceability, and predictive production systems (PREMIA). Aquaculture R&D is concentrated at the Pescanova Biomarine Center in O Grove, with active projects to industrialize common octopus (Octopus vulgaris) cultivation (CECAELIA, OCTOPLUS, OCTODIET), wreckfish larval culture (ChernAdvance), flatfish climate adaptation (MITAKUA), and a seafood-waste biorefinery (LIFE REFISH) targeting 300 kg/h of discard valorization.
Revenue is generated almost entirely through one-time sales of seafood products to wholesale distributors, supermarket and hypermarket chains, foodservice operators, and specialized retailers, distributed via a global trading desk (Área Trading - Mayor) in Madrid, regional commercial subsidiaries across Europe, Africa, the Americas, and Asia, and direct supply arrangements with retail and foodservice customers. The group returned to profitability in FY2025 with sales of €1,053.6 million, EBITDA of €71.2 million, and net profit of €1.1 million, supported by operational efficiency measures, commercial strategy renewal, a €283 million capital increase, and a €279 million Abanca capital injection that cut leverage from over 7x to below 4x EBITDA. The company is simultaneously seeking a €440 million bank credit line for refinancing and potential acquisitions and is divesting its Mozambique operations.
Pescanova firmographics
Firmographics- Name
- Pescanova
- Legal name
- Nueva Pescanova, S.L.
- Website
- https://nuevapescanova.com
- Company type
- Private
- Founded year
- 1975
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Nueva Pescanova is a Spanish multinational seafood group that controls a vertically integrated value chain of wild-catch fishing, aquaculture farming, industrial processing, and global commercialization, selling 70+ species of fish and shellfish to wholesale, retail, and foodservice customers across 80+ countries.
- Ownership category
- akta.pro rank
Pescanova industry classification
Industry- Product category
- Processed Seafood
- NAICS
- Aquaculture (1125), Finfish Farming and Fish Hatcheries (112511), Fishing (1141)
- SIC
- Prepared Fresh Or Frozen Fish & Seafoods (2092), Fishing, Hunting And Trapping (900)
- akta.pro primary industry
- Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL)
Keywords
Where Pescanova is headquartered
LocationHeadquarters
- HQ city
- Redondela
- HQ country
- Spain
- HQ region
- Europe
Offices29 records
Markets served
Pescanova business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Seafood Product Sales: The company's primary revenue stream comes from the sale of fresh, chilled, and frozen seafood products. It operates across the full value chain—fishing, aquaculture farming, industrial processing, and commercialization—selling over 70 species of fish and shellfish to more than 80 countries worldwide.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Pescanova product offering
Product offeringCore offering
Nueva Pescanova is an integrated seafood multinational that catches, farms, processes, and commercializes more than 70 species of fish and shellfish. Operations include a 53-vessel own fishing fleet operating in Southern Hemisphere waters, over 7,000 hectares of aquaculture farms producing turbot and shrimp, 17 processing plants across 10 countries, and a global distribution network reaching retailers and foodservice operators in 80+ countries.
Product overview
Nueva Pescanova is a Spanish multinational seafood company operating as an integrated value chain business spanning fishing, aquaculture farming, processing, and commercialization. The company operates 53 own fishing vessels in Southern Hemisphere waters, over 7,000 hectares of aquaculture farms producing turbot and shrimp, 17 processing plants across 10 countries, and sells products across more than 80 countries. The product portfolio centers on the Pescanova consumer brand for fresh, chilled, and frozen seafood (over 70 species of fish and shellfish), complemented by regional subsidiaries including NovaNam (Namibia), Argenova (Argentina), Pescanova Hellas (Greece), Promarisco (Ecuador), and others. The company also operates an extensive R&D innovation program including SENSOMARE (AI-powered quality inspection), PREMIA (AI-based predictive production), MITAKUA (climate adaptation for aquaculture), Smart4SeaFood and SEA2TABLE 4.0 (digital factory technologies), LIFE REFISH (seafood biorefinery), and octopus farming projects (CECAELIA, OCTOPLUS, OCTODIET) through its Pescanova Biomarine Center research facility. The company also maintains proprietary sustainability certifications under the Pescanova Blue program.
Differentiator
Problem solved
Functional benefit
Brands
- Pescanova Biomarine Center: Research and innovation center focused on aquaculture, seafood processing, and sustainable fishing practices
- Rodolfos
- Rodolfo Pescanova
- Pescanova Blue
- NovaNam
- Argenova
Products and services
- Pescanova Branded Seafood Range Consumer-facing range of fresh, chilled, and frozen seafood products under the Pescanova brand, covering more than 70 species of fish and shellfish, sold through supermarkets, hypermarkets, and fishmongers in over 80 countries.
- Aquaculture Turbot (Rodaballo) Flatfish (turbot/rodaballo) produced through the company's aquaculture farming operations, supported by genetic selection programs at Insuiña S.L. and the Pescanova Biomarine Center.
- Aquaculture Shrimp (Langostino) Shrimp (langostino) produced through the company's aquaculture operations, primarily sourced from the Promarisco subsidiary in Ecuador.
- Wholesale and B2B Seafood Supply (Área Trading – Mayor) Bulk B2B supply of fresh, chilled, and frozen seafood products to wholesale distributors, supermarket chains, and foodservice operators worldwide, coordinated through the global trading desk in Madrid and supported by local subsidiaries.
- Pescanova Blue Sustainability Program Sustainability certification program and seal applied to products meeting the company's environmental and responsible sourcing criteria, used to support consumer-facing brand positioning and ESG commitments.
Quantifiable outcome
- Sales of 1,053.6 million euros in FY2025, up 36.9% versus prior-year period
- +3 more outcomes
Companies that use Pescanova
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Pescanova technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability10 records
Feature8 records
Pescanova partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- EY (Ernst & Young)coreEY was hired as financial advisor to structure and secure 440 million euros in bank credit facilities for debt refinancing and potential acquisition opportunities, as part of Nueva Pescanova's post-restructuring financial optimization plan.
- CETGA (Centro Tecnológico del Clúster de la Acuicultura)coreCETGA participates as a research partner in the MITAKUA project alongside the Pescanova Biomarine Center, Sea Sole Acuicultura S.L., Neutro Applications, and the University of A Coruña's GIBE research group, focused on climate adaptation strategies for flatfish aquaculture.
- ANFACO (Asociación Nacional de Fabricantes de Conservas de Pescado)minorANFACO supports the SENSOMARE R&D project led by Pescanova alongside food and technology companies, focused on advanced sensory technology and AI for food quality optimization and logistics automation in the seafood industry.
- Insuiña S.L.corePescanova-associated aquaculture company developing genetic selection programs for turbot cultivation using statistical and genomic tools (BLUP with molecular markers), supported by CDTI and the European Maritime and Fisheries Fund.
- CSIC (Consejo Superior de Investigaciones Científicas)minorParticipates in the LIFE REFISH project alongside JEALSA, PESCANOVA, STOLT, and OPROMAR, focused on creating the first demonstration biorefinery for seafood discards and by-products, led by CSIC's expertise in marine resource valorization.
- UN Global CompactcoreNueva Pescanova Group is a signatory member of the UN Global Compact through its Spanish Network, adopting its principles into corporate strategy, culture, and daily actions, and contributing to the UN 2030 Agenda Sustainable Development Goals.
Scale indicators14 records
Recent moves10 records
Expansion highlights6 records
Pescanova competitors and assessment
Company assessmentDirect peers
- SalMar: One of the world's largest Atlantic salmon producers with integrated farming and processing. Comparable to Pescanova's aquaculture division (turbot, shrimp) in operational model and value-added processing approach.
- Austevoll Seafood: Norwegian seafood group with fishing, aquaculture, processing, and global distribution through Leroy and Austral subsidiaries. Comparable to Pescanova in vertical integration, multi-species portfolio, and global footprint.
- Cermaq: Mitsubishi-owned global salmon farming company with operations in Norway, Chile, and Canada. Comparable to Pescanova on the aquaculture farming and processing side, and as a corporate-controlled entity.
- Mowi ASA: World's largest Atlantic salmon farming company, with integrated feed, farming, processing, and sales operations. Comparable to Pescanova on the aquaculture farming and processing side, though more species-focused.
- Lerøy Seafood Group: Norwegian integrated seafood group with salmon farming, wild catch, processing, and distribution across Europe and Asia. Comparable to Pescanova's vertically integrated model and European retail focus.
- Thai Union Group: Thai-based global seafood multinational with integrated operations across tuna, shrimp, and value-added seafood products sold in 100+ countries. Highly comparable to Pescanova as a vertically integrated seafood company with brand-led retail presence and global distribution.
- Trident Seafoods: US-based vertically integrated seafood company with owned fleet, processing plants, and branded retail products. Comparable to Pescanova's integrated fleet-to-retail model and multi-species portfolio.
- Cooke Seafood: Canadian family-owned integrated seafood company with wild-caught fishing, aquaculture (salmon, shrimp), and processing operations globally. Closely comparable to Pescanova's integrated value chain and family/owner-controlled governance.
- Nippon Suisan Kaisha (Nissui): Japanese integrated seafood major with fishing, aquaculture (salmon, trout, shrimp), processing, and global marine products business. Closely comparable to Pescanova's value chain model and product breadth.
- Maruha Nichiro: Japan's largest seafood company, with integrated fishing, aquaculture, processing, and frozen food operations across multiple continents. Comparable to Pescanova in scale, vertical integration, and product portfolio breadth (multiple fish/shellfish species).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Pescanova social profiles
Digital presencePescanova compliance and trust
Trust signalCompliance6 records
Pescanova financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pescanova leadership team
Management profileNumber of profiles
Profiles2 records
Pescanova subsidiaries and ownership
Company hierarchySubsidiaries16 records
Pescanova funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pescanova M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pescanova
What does Pescanova do?
Nueva Pescanova is an integrated seafood multinational that catches, farms, processes, and commercializes more than 70 species of fish and shellfish. Operations include a 53-vessel own fishing fleet operating in Southern Hemisphere waters, over 7,000 hectares of aquaculture farms producing turbot and shrimp, 17 processing plants across 10 countries, and a global distribution network reaching retailers and foodservice operators in 80+ countries.
Is Pescanova a public or private company?
Pescanova is a private company. It is classified as corporate owned and is currently operating.
When was Pescanova founded?
Pescanova was founded in 1975. It employs 5,001 to 10,000 people.
Where is Pescanova based?
Pescanova is headquartered in Redondela, Spain, in the Europe region.
How does Pescanova make money?
One revenue line is on record: seafood Product Sales.
Who are Pescanova's main competitors?
Direct peers on record are SalMar, Austevoll Seafood, Cermaq, Mowi ASA, Lerøy Seafood Group, Thai Union Group, Trident Seafoods, Cooke Seafood, Nippon Suisan Kaisha (Nissui) and Maruha Nichiro.
Does Pescanova have an API?
No public API is recorded for Pescanova.
What industry is Pescanova in?
Pescanova's product category is Processed Seafood. Its primary akta.pro industry code is AFANADAL, Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants). Its NAICS code is 1125 and its SIC code is 2092.