Investment company Blue Future Holding has acquired the remaining 67.2% of shares in Norwegian technology firm GreenFox Marine AS, taking full ownership of the company.
The acquisition is aimed at expanding GreenFox Marine’s market reach and fostering further growth.
Blue Future Holding previously held a 32.8% stake in GreenFox Marine. According to GreenFox Marine CEO Erling Aspen, the acquisition opens new opportunities for the company’s technology, particularly in the field of gender sorting for fish farming, and strengthens its ability to attract key talent.
GreenFox Marine specializes in the development of ultrasound and artificial intelligence technologies to improve fish health in aquaculture. Their systems, including a machine that sorts up to 3,600 fish per hour with 96% to 99% accuracy, have been adopted by salmon farmers in Norway, the UK, and the Faroe Islands.
“GreenFox Marine has developed a technology that not only enhances productivity but also addresses critical challenges in fish farming, such as fish health and welfare,” said Odd Magne Rødseth, Managing Director of Blue Future Holding. He added that the acquisition aligns with the company’s broader strategy of investing in sustainable, technology-driven solutions in the aquaculture industry.
Blue Future Holding is part of the German EW Group, which also owns AquaGen and Genomar, and has stakes in other aquaculture-related companies.
This acquisition marks a significant step in Blue Future Holding’s strategy to develop innovative solutions for the aquaculture industry.
