Simen Landmark (left) and Johan Kostveit (right).
Bluefront Equity will become the largest shareholder of Anteo AS, whose main focus is on providing software solutions for logistics planning and optimization in the aquaculture industry.
Norwegian Anteo is responsible for developing real-time systems for planning, monitoring, and notifications related to activities such as feeding in traditional fish farming.
"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," assured Johan Kostveit, Investment Manager at Bluefront.
Its flagship product is the digital collaboration platform, which provides real-time information on vessels, operations, fish farming sites, and resources, and centralizes data from sensors, boats, and production systems into a single operational dashboard.
Additionally, Anteo offers fish health tools that record welfare indicators, sea lice counts, and maintain secure, accurate, and simple records of fish health.
In 2025, Anteo reported revenues of approximately NOK 27 million, representing growth of nearly 20% compared to 2024 and more than double compared to 2023. The company serves clients along the entire Norwegian coast, including fish farmers, feed producers, service companies, and shipowners.
"The main objective of bringing in Bluefront is to strengthen our organization so that we can provide better services and support our customers even more. We also see synergies with other software companies in Bluefront's portfolio," noted Sverre Marvik, CEO and one of Anteo's largest shareholders.
Bluefront, through its second fund, Bluefront Capital II, will acquire 54% of the company’s shares from several early investors. Additionally, some key employees are reinvesting and increasing their ownership stakes in the company.
"Our strategy is to own and develop the companies we invest in together with founders and key personnel. Together, we will further strengthen Anteo and enhance its service offering to customers," concluded Simen Landmark, Partner and Chief Investment Officer at Bluefront.
Finally, former BioMar EVP Jan Sverre Røsstad will become the new chairman of Anteo’s board. Simen Landmark and Johan Kostveit from Bluefront will also join the board.