Norwegian private equity firm Bluefront Equity has acquired 55 percent of aquaculture cleaning solution provider Meox, continuing its streak of acquisitions.
Meox is a provider of underwater robotic systems that can perform maintenance in aquaculture applications. Its robots can be used for net clearing, clearing of mooring lines and ropes, lice skirts, cage collars, vessel hulls, and land-based aquaculture facilities. The company also provides solutions for inspecting equipment in aquaculture operations, and for retrieving dead fish or sludge handling.
Bluefront said the company is a clear fit given its rapid growth in the space.
“Achieving an average annual growth rate of around 20 percent over the past five years clearly shows that the team is doing many things right,” Bluefront Partner and Chief Investment Officer Simen Landmark said. “Fish farming companies in Norway and internationally have increasingly adopted Meox’s solutions in recent years. We look forward to contributing with capital and competence to further strengthen and expand the products and services that Meox offer its customers.”
The company currently employs 11 people, and it has patented a cavitation-based method of cleaning equipment that it said significantly reduces mechanical wear on devices its robots are cleaning.
“We are the market leader for provision of cleaning robots to the aquaculture industry in Chile, and our market share is growing rapidly in Norway,” Meox Managing Director Kristian Kåre Hjertvik said. “A key reason for bringing Bluefront on board is to strengthen our service and aftermarket capabilities, including further expanding our capacity and footprint to provide even closer customer support. In addition, we share an ambition to expand internationally, including into Scotland and Canada.”
According to Bluefront, Meox reported revenue of NOK 44 million (USD 4.5 million, EUR 3.9 million) in 2025.
Bluefront has been adding companies to its portfolio throughout 2025 and 2026. In August 2025, it closed its second blue economy impact fund with USD 100 million (EUR 87 million) in investments, which included prominent investors like Lukas Walton-backed impact platform Builders Vision. Since that time, it has acquired a majority stake in aquaculture advisory firm Aqua Kompetanse, had its subsidiaries Spillfree Analytics and Piscada Aqua merge, and acquired a majority stake in aquaculture software firm Anteo.
The latest acquisition also represents the third time Bluefront Equity has purchased interest in a company associated with Jaras Invest.
“We are very pleased to expand our collaboration with Bluefront and look forward to accelerating the development of Meox,” Jaras Invest Managing Director Jarls Rasmussen said.
