Norwegian ozone and oxygen specialist acquires Norluft to drive aquaculture growth
Redox AS acquired Norluft AS to offer its aquaculture customers a more complete product offering and strengthen its position within closed aquaculture systems.
Norwegian ozone and oxygen specialist Redox AS acquired Norluft AS in order to offer its aquaculture customers an even more complete product offering and strengthen its position within closed aquaculture systems.
“Our ambition is to become the leading supplier of cost-efficient ozone and oxygen solutions to the seafood industry. The acquisition of Norluft fits perfectly with this strategy, both technologically and geographically,” said Jonas Bergman, managing director of Redox.
Norluft is a supplier of oxygen and nitrogen systems to the seafood sector and other industries. In addition, the company supplies compressed air systems and control systems to aquaculture oxygenation systems. Norluft also provides marine services for wellboats, de-lousing barges and other vessels. Norluft is headquartered in Ranheim in Trøndelag county, Norway, and offers its products and services throughout Central Norway.
The buyer, 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. The company headquarters is based in Averøy municipality in Møre og Romsdal county, Norway.
“We secure unique competence and geographical presence in an important fish farming region through the acquisition of Norluft. We are impressed with Norluft’s development and how they are able to create innovative solutions that ensure better oxygen supply and subsequently improved fish health,” added Bergman.
Norluft will remain as a company and brand, and Øyvind Sørgård continues in the role of managing director. “Redox is clear that they want to continue building Norluft. We, therefore, aim to hire new employees to strengthen our team and facilitate further growth,” says Øyvind Sørgård.
Redox’s majority owner is seafood investor Bluefront Equity, which invested in Redox in May last year. Redox has since continued its positive development and aims for revenues of NOK 180-200 million in 2022.