Bluefront: acquires majority stake in aquaculture robotics firm Meox
Bluefront Equity has acquired a 55 percent stake in aquaculture cleaning technology company Meox AS, marking its latest investment in equipment and technology serving the seafood sector.
The investment was made through Bluefront’s second fund, Bluefront Capital II. Financial terms of the transaction were not disclosed.
Meox develops underwater robotic systems for aquaculture and maritime applications, including net cleaning robots, equipment for cleaning mooring lines, lice skirts, cage collars, vessel hulls and land-based aquaculture facilities. The company also manufactures remotely operated vehicles (ROVs) for inspection work, alongside robotic systems for dead fish retrieval and sludge handling.
A key element of Meox’s technology is a patented cavitation-based cleaning system that uses pulsed air bubbles in water jets to remove biofouling while reducing mechanical wear on nets and other equipment.
Headquartered in Namsos, Meox employs 11 people and reported revenue of approximately NOK 44 million (€3.9 million) in 2025. The company said it has delivered average annual revenue growth of around 20 percent since its inception while remaining operationally profitable.
“We look forward to contributing with capital and competence to further strengthen and expand the products and services that Meox offer its customers,” said Simen Landmark.
According to Meox, the company is the market leader for aquaculture cleaning robots in Chile and has been increasing its market share in Norway. Managing director Kristian Kåre Hjertvik said the investment would support expansion of the company’s service and aftermarket operations as well as international growth, including into Scotland and Canada.
Bluefront said Jaras Invest AS, which sold the majority stake, will remain Meox’s second-largest shareholder.
The transaction marks the third deal involving Bluefront and companies associated with Jaras Invest. In 2023, Bluefront-owned Seaqloud acquired Meox’s environmental monitoring software business, including the Guardian product portfolio. In 2025, Bluefront also acquired a majority stake in Aqua Kompetanse AS from Jaras Invest via Havbruksparken Utvikling.
Following the transaction, Simen Landmark and Maria Færevaag will join Meox’s board of directors.
