Seafood investor Bluefront Equity has become the largest shareholder of the fast-growing fish- and marine health advisory company Aqua Kompetanse AS.
‘Aqua Kompetanse’s vision is healthy fish and clean oceans. This aligns perfectly with our strategy of investing in companies that make the supply chain more sustainable, accessible, and responsibly managed,’ said Simen Landmark, chief investment officer at Bluefront Equity.
One of Norway’s largest independent providers of environmental auditing and fish health services, Aqua Kompetanse’s fish health division is geared to provide fish farmers with the best possible conditions for achieving optimal fish welfare and health, as well as contributing to strong biosecurity. Within environmental auditing, the company offers services such as environmental surveys, site mapping applications, and assistance with site license applications.
The company also provides services within water dynamics, including hydrographic surveys, current and wave measurements, wave modelling, and hydrodynamic modelling. In addition, the company’s experts are continuously involved in a range of R&D projects to address the aquaculture industry’s need for new knowledge within fish health and welfare.
‘Proximity and knowledge are key to delivering services supporting sustainable growth in the aquaculture industry, which is why we maintain a physical presence wherever our fish farming clients operate. Bluefront’s investment philosophy aligns well with the values on which Aqua Kompetanse is built, and their industry knowledge, network, and financial resources will help us expand further and deliver increasingly efficient services along the entire coastline,’ said Aqua Kompetanse managing director Hans Jørgen Sandnes.
Once all transactions are completed, Bluefront will hold a majority stake in Aqua Kompetanse with an ownership share of approximately 55%. The previous main shareholder, Havbruksparken Utvikling AS, will own 18%, while the remaining shares are primarily held by the company’s founders and key employees.
