Seafood investor Bluefront has become the largest shareholder of Anteo AS – a provider of software for planning and optimisation of logistics for the aquaculture industry and other sectors.
‘Anteo has developed a logistics optimisation software that feed suppliers, operators of service vessels and feed barges, as well as fish farmers, derive significant value from. We strongly believe in solutions that make the aquaculture industry more cost-efficient while reducing its environmental footprint. That is why we are investing in the company,’ said Bluefront investment manager Johan Kostveit.
Anteo develops decision-support systems for stakeholders across the aquaculture value chain. This includes real-time systems for planning, monitoring and notifications related to activities such as feeding operations in traditional fish farming.
The company’s core product is a digital platform for planning and coordinating logistics in fish farming operations. The platform provides a real-time overview of vessels, operations, fish farming sites and resources, and aggregates data from sensors, vessels and production systems into a single operational overview. This enables improved decision-making, more efficient use of resources and simplified documentation of logistics related to feed, fish silage, fuel, wellboats and service vessels.
Anteo has also developed fish health tools enabling rapid and accurate recording of fish welfare indicators, authority-mandated sea lice counting, and simple, precise and secure record-keeping of fish health data.
The company serves customers along the entire Norwegian coastline. These include fish farmers, feed producers, service companies and shipowners. With Bluefront as a new shareholder, the ambition is to strengthen the company’s position in its home market and accelerate its international expansion.
‘We are more than ten years old and have reached a size where it feels right to bring in a professional investor to support the next development phase. The main objective of bringing in Bluefront is to strengthen our organisation so that we can deliver even better services and support our customers even more closely. We also see synergies with other software companies in the Bluefront portfolio,’ said managing director Sverre Marvik, one of the largest shareholders of Anteo.
Demand for Anteo’s software has increased significantly in recent years. The main driver is the substantial cost savings that can be achieved through efficient logistics planning of feed supply, sludge collection, oil, waste and other materials.
