Meox's patented cavitation-based method pulses of air bubbles are injected into the water jet.
Bluefront Equity
Bluefront Equity has announced the acquisition of a majority stake in Meox AS, a robotics company specializing in cleaning solutions for the aquaculture and maritime industries.
"We look forward to contributing capital and expertise to further strengthen and expand the products and services that Meox offers its customers," said Simen Landmark, Partner and Chief Investment Officer (CIO) at Bluefront.
Specifically, Bluefront acquires 55% of the shares from Jaras Invest AS, which will remain the second-largest shareholder. The investment is made through Bluefront's second fund, Bluefront Capital II. Moreover, Simen Landmark and Maria Færevaag from Bluefront will join Meox’s board of directors.
"A core part of our investment mandate is to back companies that promote sustainability through improved fish welfare and ocean health. This is exactly what Meox's product portfolio does," says Maria Færevaag in Bluefront’s investment team.
Meox's specialized robots clean nets, mooring lines and ropes, lice skirts, cage collars, vessel hulls, and land-based aquaculture facilities. The company also provides remotely operated vehicles (ROVs) to inspect nets, hulls, and other technical equipment, and offers robotic solutions for the removal of dead fish and sludge management.
The "secret ingredient" of this Norwegian company is its patented cavitation-based method, in which pulses of air bubbles are injected into the water jet. This significantly reduces mechanical wear on the equipment being cleaned.
In 2023, Seacloud, which specializes in sensor technologies for analyzing environmental data in aquaculture and is owned by Bluefront, acquired Meox, a company partly owned by Jaras.
Furthermore, Seacloud and Naviaq, also owned by Bluefront Equity, merged to offer aquaculture customers a broader and more efficient data-driven service.
