Scanbio Marine Group Inc.
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Scanbio Marine Group Inc. - overview
Established
1909
Location
Trondheim, -, Norway
Primary Industry
Agribusiness
About
Based in Norway, Scanbio Marine Group Inc. specializes in seafood waste management, offering innovative solutions to recycle seafood byproducts into high-value products for various industries. Scanbio Marine Group Inc. operates in the seafood waste management sector by providing services that convert seafood byproducts into valuable products.
Founded in 1909 and headquartered in Trondheim, Norway, the company has undergone a strategic focus on sustainability and waste recycling. Kamel Khaloui serves as the CEO. Verdane Capital Advisors acquired Scanbio Marine Group AS, although financial terms were not disclosed. To date, the company has completed 3 deals.
Scanbio is a prominent player in the seafood waste management sector, specializing in comprehensive solutions designed to recycle seafood byproducts into high-value products for the feed and bioenergy industries. Their core offerings include innovative waste management services that transform fish waste into sustainable feed ingredients and bioenergy solutions. The company serves a diverse client base, including aquaculture farms, food processing companies, and energy producers across various geographical markets such as Northern Europe, including Norway, Sweden, and Denmark, as well as broader markets in the European Union. With sustainability as a guiding principle, Scanbio aims to address critical environmental challenges while providing efficient and economically viable waste management solutions.
In 2021, Scanbio reported a revenue of USD 72. 46 mn and achieved an EBITDA of USD 731,507. The company's revenue model is centered on business-to-business (B2B) transactions, primarily engaging with aquaculture, food manufacturing, and energy sectors. It operates through partnerships and service agreements for various waste management services, including emergency waste pick-up and silage management, supporting clients' operational needs while meeting regulatory requirements for waste disposal and environmental management.
Scanbio plans to enhance its offerings by developing new products aimed at improving the sustainability of its waste management solutions. The company is targeting expansion into new geographic regions, particularly within the European Union, to increase its market footprint. Recent funding will be utilized to support these initiatives and improve operational capabilities as part of its growth strategy.
Current Investors
Verdane, Pioneer Point Partners
Primary Industry
Agribusiness
Sub Industries
Oil & Gas Exploration and Production, Waste to Energy, Recycling, Fishing & Seafood
Website
www.scanbio.com/
Verticals
Clean Technology
Company Stage
Mature
Total Amount Raised
Subscriber access only
Scanbio Marine Group Inc. - timeline of key events
Scanbio Marine Group Inc. - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 69,424,159 | 309,525,794 | 269,104,870 | 229,768,596 | 260,777,436 | 343,054,525 | 387,985,602 | 497,338,382 | 509,683,104 | 531,144,839 | 622,799,967 | - | - | - |
| % Revenue Growth (YoY) | - | 345.8% | (13.1%) | (14.6%) | 13.5% | 31.6% | 13.1% | 28.2% | 2.5% | 4.2% | 17.3% | - | - | - |
| EBITDA (USD) | 236,343 | 20,927,181 | (44,296,482) | (31,381) | 13,168,818 | 57,722,309 | 65,765,406 | 80,220,843 | 41,992,772 | 71,049,939 | 36,081,677 | - | - | - |
| Operating Income (USD) | (4,612,916) | (8,025,813) | (85,255,346) | (46,306,056) | (33,828,828) | 7,533,227 | 9,536,213 | 28,723,924 | (8,149,597) | 21,633,837 | (6,250,119) | - | - | - |
| Operating Margin | (6.6%) | (2.6%) | (31.7%) | (20.2%) | (13.0%) | 2.2% | 2.5% | 5.8% | (1.6%) | 4.1% | (1.0%) | - | - | - |
| % EBITDA Margin | 0.3% | 6.8% | (16.5%) | (0.0%) | 5.0% | 16.8% | 17.0% | 16.1% | 8.2% | 13.4% | 5.8% | - | - | - |
| NET Income (USD) | (7,444,921) | (25,382,600) | (71,955,224) | (51,461,062) | (33,314,474) | (4,295,855) | (1,573,020) | 19,044,480 | (10,046,119) | 12,704,924 | (11,867,990) | - | - | - |
| % Net Margin | (10.7%) | (8.2%) | (26.7%) | (22.4%) | (12.8%) | (1.3%) | (0.4%) | 3.8% | (2.0%) | 2.4% | (1.9%) | - | - | - |
Scanbio Marine Group Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Scanbio Marine Group Inc. | - | ||||||||
| Add-on | Completed | Biokraft Marin AS | - | ||||||||
| Secondary Buyout | Completed | Scanbio Marine Group Inc. | - | ||||||||
| Buyout | Completed | Scanbio Marine Group Inc. | - |
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Scanbio Marine Group Inc. - employee data
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