Bluefront Equity invests in ozone and oxygen specialist
The seafood investor became the majority owner of Norwegian technology company Redox AS that develops environmentally friendly technologies for the aquaculture industry.
Seafood investor Bluefront Equity makes its first investment to become majority owner of Norwegian technology company Redox AS. Redox is an ozone and oxygen specialist that develops environmentally friendly technologies which improve fish welfare and biosecurity for the aquaculture industry, plus reduces chemical discharges.
“Redox has traditionally worked extensively with wellboats, but we have in recent years started to apply our technologies onshore, including land-based fish farming, fisheries, agriculture and food processing. Together with Bluefront Equity we will be prepared to take part in the strong aquaculture industry growth wave, both in Norway and internationally. We will invest significantly in product development and further strengthen our workforce. We will offer more cost-effective technologies and products, with fish welfare and biosecurity at the center of everything we do,” said Sigmund Røeggen, chairman and main shareholder of Redox.
The company developed an ozone system that ensures a bacteria-free production facility and a technology that supplies microbubble oxygen to further improve both water quality and fish welfare in the aquaculture industry.
“We have monitored Redox for several years. It is a highly innovative company that develops technology that improves fish welfare and biosecurity in the aquaculture industry. It is a perfect match for our sustainability profile,” said Kjetil Haga, partner at Bluefront Equity. Bluefront Equity’s first fund primarily aims to invest in supplier companies that ensure increased traceability, better fish health and welfare, enhanced quality of the end-product, improved hygiene, and contributing towards digitizing the seafood industry. Bluefront Equity’s industry advisers and investors, former Mowi CEO Alf-Helge Aarskog and Nova Sea-owner Aino Olaisen, become new board members of Redox together with Kjetil Haga, partner at Bluefront Equity.