The acquisition is being made by a consortium of investors primarily made up of the current shareholders in Ajman-based MOS’s parent company, HM MOS International.

The consortium will buy the majority of Hoofddorp-based Seafox’s shares for an undisclosed sum from their current owners, the Cordia and Van der Lely families and NPM Capital, who will remain as minority shareholders.

Seafox chief executive Keesjan Cordia said the merger was a “unique growth opportunity” for the company.

MOS