Marine equipment, technology and services firm Gael Force Group has set its sights on growth in the international fish farming industry after a year of acquisitions and product development.
Marketing manager Marc Wilson said the Inverness-based company was now in an “increasingly strong position to be recognised as a global supply partner in the aquaculture industry”.
Last year, the group acquired Oban-based fish farm pen manufacturer Fusion Marine and Lochaber company Corpach Boatbuilding, and also launched two major development projects.
Accounts for the company published by Companies House yesterday showed group turnover grew to £27.2 million in the year to the end of last December, from £24.1m in the previous 12 months.
Pre-tax profits fell from £1.6m to £879,618 over the same period.
Mr Wilson said: “We are very satisfied with the progress we made in 2018 on delivering on our strategy.
“Key to this, we took substantial steps towards completing an integrated and comprehensive equipment portfolio for the offshore aquaculture market through two significant business acquisitions.
“We prioritised product development and brought research on prospective export markets into full view.
“We see ourselves as now in an increasingly strong position to be recognised as a global supply partner in the aquaculture market.
“All these actions, which are reflected in our 2018 accounts, are bearing fruit.”
