Skel Investment Company
Borgartún 26, Reykjavík, Gullbringusysla, 105, Iceland
Overview
SKEL is an investment company that seeks to create value for its shareholders and other stakeholders. SKEL's investment strategy is to grow the current portfolio while keeping long-term value creation in mind and to reduce the importance of fossil fuels in the company's operations by increasing the number of income supports and investments. SKEL's strategy is to be a transformational investor, supporting and assisting the companies, management teams, and entrepreneurs in which it chooses to invest. Thus, SKEL's managers and employees assist their partners in fully utilizing all of the potentials of the companies they manage, whether they are established companies or good business ideas.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Investment portfolio
- GeoSalmo
Participated · Equity · Jan 2024
GeoSalmo is developing a state-of-the-art 24,000-ton hybrid flow-through land-based salmon farm. The company has completed environmental and planning assessments for the project. GeoSalmo secured a long-term 28 megawatt power supply agreement with Orka Náttúrunnar (ON Power) to cover its operational needs. The funding announced will enable the company to initiate construction in Ölfus, near Thorlakshofn. Phase one of the project is scheduled for completion by 2026. Leadership includes CEO Jens Þórðarson and founder and main shareholder Aðalsteinn Jóhannsson, with recent board additions linked to new investors.
Team
Ásgeir Helgi Reykfjörður Gylfason
CEO
Magnus Ingi Einarsson
CFO
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