Asker, 10 April 2017
Cambi ASA has become the main shareholder in Høst Verdien i Avfall AS by purchasing the shares previously belonging to Aust-Agder Næringsselskap AS and Invest24 AS. Following this transaction, the company is now owned by Cambi ASA (80%) and Terramarin AS (20%). Høst employees own Terramarin.
Cambi and Terramarin have cooperated well throughout this process. Cambi is a world-leading technology supplier for the production of biogas and quality biosolids through thermal hydrolysis as a pretreatment for sewage sludge and other biowastes. Høst is a market leader in Norway, producing and selling soil and fertilisers based on biosolids, compost, and other inputs.
New biosolids projects require complete solutions to an increasing degree, including both the sludge treatment and the final distribution of the products. This is a good fit for Cambi and Høst who together can act as a total solutions supplier. This cooperation also allows further development of Høst’s products to meet the demands in the market and the legislation for disposal solutions.
Torleiv Ugland, CEO of Høst, says that this exciting development opens up several new possibilities, especially internationally. Large volumes of waste from large cities need to be handled to solve the environmental challenges.
Cambi will through this investment contribute to the international development of Høst’s solutions and competence by introducing into markets where Cambi is already active.