Axolot Solutions Holding AB (publ) has on October 2 signed an Agreement with Tilapia AS and B-Enviro concerning the formation of a Joint Venture Company in Norway, focusing on the market for industrial water treatment. Axolot will be the majority owner in the Norwegian Company, which will act under the name of Axolot Solutions Norge AS. The Company will be based in Sunndalsøra, Møre och Romsdals fylke.

Halvor Kittelsen who has an extensive experience from the Norwegian and International Fish Farming industry has been appointed CEO of the Company. The operations are expected to start up already during the month of October this year.