Aqua Bio Technology ASA (ABT) is a Norwegian skincare company specializing in sustainable biotechnology for skincare products. The company develops new active ingredients based on marine technology, offering natural and sustainable alternatives to traditional ingredients. The company markets and distributes natural high-end skincare products to consumers, retailers and professionals.
Strategy going forward:
Following ABT’s acquisition of Cosmed Beauty AS and Ultrabody AB and Skinteam Norge AS, further developing ABT, while establishing new agreements with third-party distributors in the Nordics and the global market is a top priority. ABT will continue to assess new consolidation opportunities in the Nordic cosmetics market as further highlighted below.
Consolidation opportunities in the market:
Production and distribution of skincare products is a profitable industry, but there are also low entry barriers for new brands and skincare retailers. The Nordic cosmetic market is fragmented with many skincare retailers and pursuing consolidation opportunities for further growth may therefore be beneficial for ABT and its shareholders.
Start of subscription period: 8 August 2023 at 09.00 CEST
End of subscription period: 18 August 2023 at 16.30 CEST
Aqua Bio Technology ASA is listed on Euronext Expand Oslo.
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