Jan Atle Yndestad, general manager of Trykkluftservice (left) and Asbjørn Skaro, managing director of Redox (right).
Photo: Redox / Trykkluftservice.
Norwegian supplier of oxygen and water-treatment solutions for the aquaculture industry, Redox AS, announced today that it has entered into an agreement to acquire its industry peer Trykkluftservice AS, the most experienced supplier of compressors and compressed air systems in Møre og Romsdal County, Norway.
Although the parties have not disclosed the financial details of the transaction, the joint statement issued by both companies specifies that Redox, which is owned by the Norwegian seafood investment firm Bluefront Equity, will acquire 100% of the shares in Trykkluftservice, which recorded revenues of around NOK 20 million in 2025.
The Norwegian investment company, which focuses on companies that develop innovative products, services, software, and technology that promote sustainability throughout the seafood value chain, closed its second impact fund, Bluefront Capital II, last August after securing more than USD 100 million. The latest investors to participate in Bluefront Equity's impact fund were the European Investment Fund (EIF), Novo Holdings, and the Esmée Fairbairn Foundation.
While Redox offers solutions that improve fish welfare and biosecurity while reducing the use of chemicals, Trykkluftservice has completed more than 750 compressor installations and will continue to operate as an independent entity, led by its current General Manager, Jan Atle Yndestad, and with the eight current employees, who will remain with the company.
Founded in 1980, as noted in the joint statement, Trykkluftservice maintains its position and strong local roots in Møre og Romsdal County. Following the acquisition, customers will encounter the same people and receive the same high-quality service, but will now have access to an expanded range of offerings, including oxygen and nitrogen systems, cleaning systems, and advanced treatment solutions based on ozone and UV technologies.
"We have built the company step by step during the past 45 years. Now we will be able to provide our customers with a broader service and product range by becoming part of a larger professional environment. Redox shares our values and ambitions, and together we can continue driving innovation," said Jan Atle Yndestad, General Manager of Trykkluftservice, commenting on the acquisition agreement.
In Redox's case, the acquisition gives it a physical presence in the Sunnmøre region on Norway's west coast, in addition to its existing locations in the Nordmøre region and Trøndelag county. This means shorter distances to customers, faster service, and a larger team of experienced technicians.
Both Redox and Trykkluftservice serve both the aquaculture industry and land-based industries, so following the acquisition, customers of both companies will have access to a broader range of services, shorter response times, and a higher level of expertise in oxygen systems, vacuum systems, and compressed air solutions.
"Customers get the best of both worlds: Trykkluftservice's unique competence and Redox's wide product portfolio and development capabilities. Together, we can deliver even more complete solutions and ensure maximum uptime for critical systems," explained Asbjørn Skaro, Managing Director of Redox.