Seafood-focused investor Bluefront Equity has acquired a majority stake in Anteo, positioning itself as the company’s largest shareholder as it looks to boost growth and international expansion.
Anteo develops digital decision-support systems for the aquaculture sector, with a core platform that enables real-time planning and optimisation of logistics across fish farming operations. The software aggregates data from vessels, sensors and production systems, giving operators a unified overview of resources, feeding operations and transport activities.
“Anteo has developed a logistics optimisation software that feed suppliers, operators of service vessels and feed barges, as well as fish farmers, derive significant value from,” said Johan Kostveit, investment manager at Bluefront.
“We strongly believe in solutions that make the aquaculture industry more cost-efficient while reducing its environmental footprint.”
The platform is designed to improve coordination across the value chain, covering everything from feed delivery and sludge collection to fuel usage and wellboat operations. It also includes fish health tools for recording welfare indicators and regulatory data such as sea lice counts.
Founded more than a decade ago and headquartered in Bergen, Anteo has grown steadily, serving customers along the Norwegian coastline. The company reported revenues of approximately NOK 27 million (€2.4 million) in 2025, representing close to 20% year-on-year growth and more than doubling since 2023, while maintaining consistent profitability.
Managing director Sverre Marvik said the investment marks a new phase for the company. “The main objective of bringing in Bluefront is to strengthen our organisation so that we can deliver even better services and support our customers even more closely.”
Following the transaction, Bluefront will hold 54% of Anteo, with key employees reinvesting alongside the new majority owner as the company targets further expansion.
