Bluefront-backed feed technology companies to merge

“These two companies sport complementary product portfolios that focus on improving feeding processes, professionalising feeding, and enabling increased capacity for fish farmers. This provides an excellent foundation for delivering complete and even more integrated solutions for feeding operations,” said Steinar Fossen, Managing Director of Piscada Aqua.

Fossen will lead the merged company, which will operate under the Piscada Aqua name.

Piscada Aqua has developed a software platform that manages, analyses, optimises and controls various aquaculture production processes. The software provides a complete operating picture and enables control of feeding intensity, winch adjustments, camera positioning and integration with new, innovative solutions. In total, this enables automation, planning and execution of operations in both ocean net pens and land-based fish farming facilities.

Spillfree has developed a platform to support feeding operations through its Feedhub product. It has also focused on developing AI-based software that utilises video and data analysis to provide decision support for optimization of biological conditions and feeding processes in aquaculture production.

“Our intention is that Spillfree’s software and AI will be offered as part of Piscada Aqua’s portfolio going forward, while Piscada Aqua will continue to act as a neutral partner – independent of suppliers. We believe that fish farmers will recognize the value of this,” Fossen said.

Both Piscada Aqua and Spillfree Analytics are based in Trondheim, Norway. The two companies will co-locate at Piscada’s offices going forward. The merged business has 16 employees. 

Seafood investor Bluefront Equity owns both Piscada Aqua and Spillfree. Following completion of the merger, Bluefront Equity’s funds will own approximately 85% of the merged business.

The merger between Piscada Aqua and Spillfree will formally be completed during the first-quarter of 2026.