Rafeyri has previously made similar acquisition in Eskifjörður when Rafmagnsverkstæði Andrésar was bought and it has been successful. With the acquisition, Rafeyri intends to form a stronger entity that spans Northeast Iceland and East Fjords. Rafeyri already has powerful professionals in the company’s technical department and they will fully serve the employees of Víkuraf. The plan is to strengthen operations in Húsavík with an increase in staff and management support from Rafeyri. Áki Hauksson has been the CEO of Víkuraf and will continue to do so for now. Hopefully, this will be beneficial for both companies as well as the community in Þingeyjarsýsla.