What Nofitech does

Nofitech (legally Norwegian Fishfarming Technologies AS) is a Norwegian-based engineering company that designs, manufactures, and delivers turnkey modular Recirculating Aquaculture System (RAS) facilities for land-based salmon production. Founded in 2011 by Geir Løvik and John Hestad in Trondheim, Norway, the company serves major enterprise aquaculture operators including Bakkafrost, Mowi, Hardingsmolt, Eco Seafood, Great Northern Salmon, Erko Settefisk, Osan Settefisk, and Hayashi Trout Farm across Norway, Scotland, the Faroe Islands, Japan, and the United States. The company operates with approximately 100 permanent employees and roughly 100 contracted personnel across offices in Norway (Trondheim headquarters and Eide manufacturing), Denmark (Farum, sales and service), Germany (Remscheid, HEX filter manufacturing), and the Faroe Islands (Argir, operations support). It is private, consolidated under Neptune Bidco AS, and backed by Longship (70% since 2018) and Summa Equity (joined 2021).

The company's core offering is the patented ModulRAS platform — a standardized, compact RAS solution that covers all salmon production phases (smolt, postsmolt, grow-out, and broodstock). The architecture centers four octagonal tanks around a shared water treatment unit, with polyurea coating for watertight integrity and seawater compatibility, achieving energy consumption below 4 kWh per kg of fish produced. Nofitech complements ModulRAS with MIME, a proprietary digital twin system providing real-time monitoring and predictive analytics on water quality and facility performance, and Nofitech Academy, a training and e-learning program covering biology, water chemistry, and technical operations. Through acquisitions of Aqua Innovasjon (2019, polyethylene piping), CM Aqua Technologies (2020, Denmark), and Ratz Aqua & Polymer Technik (2020, Germany), the company has vertically integrated water treatment equipment including HEX drum filters (with 600+ units installed globally), GALAXY protein skimmers, Oxywise oxygen generators, and AL2 belt filters.

Nofitech's revenue is generated primarily through turnkey project-based delivery of ModulRAS facilities to enterprise customers under multi-year contracts, with project values that are individually large (e.g., NOK 290M Osan Settefisk contract in 2020; £49M Applecross investment announced 2021; Skálavík 28,600 m³ smolt hatchery contracted 2023). Pricing is quote-based and not publicly disclosed. Auxiliary revenue comes from training and support services via Nofitech Academy and ongoing operational support. The go-to-market model is enterprise field sales targeting large aquaculture operators globally, with marketing concentrated at industry events such as Aqua Nor, professional networks, direct customer relationships, and earned media in industry publications. Two Nordic private equity sponsors — Longship and Summa Equity — support continued international expansion and capability development, with Board oversight including former Cermaq CEO Geir Molvik and BioMar Norway's Oda Høyland providing deep aquaculture industry governance.

Name

Nofitech

Legal name

Norwegian Fishfarming Technologies AS

Website

https://nofitech.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Nofitech designs, builds, and delivers turnkey modular Recirculating Aquaculture System (RAS) facilities for land-based salmon farming across all production phases (smolt, post-smolt, grow-out, broodstock), serving major aquaculture operators in Norway, Scotland, the Faroe Islands, Japan, and the USA.

Ownership category

akta.pro rank

Product category

Recirculating Aquaculture Systems (RAS) for land-based salmon farming

NAICS

Aquaculture (1125), Finfish Farming and Fish Hatcheries (112511), Food Product Machinery Manufacturing (333241)

SIC

Special Industry Machinery, Nec (3559), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Recirculating Aquaculture Systems (RAS) & Land-Based Farming (AFAEAAAG)

akta.pro secondary industries

Hatchery Equipment, Systems & Technology (RAS Hatcheries, Incubation, Grading, Transport Systems) (AFAEAKAL), Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting) (AFAEAAAM)

Keywords

• Recirculating aquaculture systems
• Land-based salmon farming
• Modular RAS facilities
• Fish farming water treatment
• Smolt production systems

Headquarters

HQ city

Trondheim

HQ country

Norway

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. RAS Facility Sales and Delivery: Turnkey delivery of complete ModulRAS facilities including process equipment, tanks, water treatment systems, automation solutions, and construction. Revenue recognized from project-based delivery contracts with large aquaculture companies. First module delivered in 2012, first seawater module in 2015. Successful track record of RAS deliveries spanning multiple countries.
2. Training and Support Services: Nofitech Academy provides e-learning courses, on-site training courses, and operations manuals for operational personnel. Includes comprehensive start-up and operational support. Ongoing operational support services maintain customer relationships post-delivery.
3. Water Treatment Equipment: Market-leading water treatment solutions as ancillary services, including HEX drum filters, protein skimmers, oxygen generators, and belt filters. Part of expanded product and service offering.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Nofitech designs, manufactures, and delivers standardized modular Recirculating Aquaculture Systems (RAS) — branded ModulRAS — for land-based salmon farming across the entire production cycle: smolt, post-smolt, grow-out, and broodstock. Beyond the core ModulRAS facilities, the company sells ancillary water-treatment hardware (HEX drum filters, Galaxy protein skimmers, Oxywise oxygen generators, AL2 belt filters) and offers the Nofitech Academy training program plus the MIME digital twin operational support system. Customers are primarily industrial salmon farmers who contract Nofitech on a turnkey basis for facility delivery, lifecycle service, and regulatory-compliant engineering.

Product overview

Nofitech offers the ModulRAS product line, a standardized, modular, and patented RAS (Recirculating Aquaculture System) solution for land-based salmon farming. The portfolio includes four main product modules: ModulRAS Smolt (for hatchery and smolt production up to 100g), ModulRAS Postsmolt (for production up to 1kg), ModulRAS Grow-out (for market fish production), and ModulRAS Broodstock (for breeding stock). These are supported by complementary offerings including Nofitech Academy (training and e-learning), MIME digital twin system (predictive operations), and acquired water treatment products (HEX filters, GALAXY protein skimmers, Oxywise oxygen generators, AL2 belt filters). The company also provides turn-key delivery and lifecycle support services.

Differentiator

Problem solved

Functional benefit

Brands

• ModulRAS: Nofitech's patented modular recirculating aquaculture system (RAS) — compact, standardized turn-key solution for smolt, postsmolt, grow-out, and broodstock production. Features octagonal tanks with shared water treatment, polyurea coating, and seawater-resistant materials.
• MIME
• Nofitech Academy

Products and services

• ModulRAS Smolt Standardized modular RAS facility for the smolt phase of salmon production; designed using Nofitech's patented octagonal tank geometry in prefabricated modules for industrial smolt producers.
• ModulRAS Postsmolt Modular RAS facility configuration for the post-smolt growth phase, enabling salmon producers to grow fish to larger land-based sizes before transfer to sea; structured as standard prefabricated modules with NS 9416-compliant engineering.
• ModulRAS Grow-out Modular RAS facility configuration for land-based grow-out of salmon to harvest size; built using the same patented prefabricated modular architecture as the other ModulRAS variants.
• ModulRAS Broodstock Modular RAS facility configuration for salmon broodstock production; uses the same standardized prefabricated octagonal tank architecture as the other ModulRAS variants, with environment controls tailored to breeding.
• HEX Drum Filters Drum filter water-treatment equipment for mechanical solids removal in RAS facilities; sold as ancillary water-treatment hardware beyond full ModulRAS facility deliveries, with over 600 units installed across the industry.
• GALAXY Protein Skimmers Protein skimmer equipment for dissolved gas and fine particulate removal in RAS facilities; sold as ancillary water-treatment hardware within Nofitech's broader equipment portfolio.
• Oxywise Oxygen Generators Oxygen generator equipment for dissolved oxygen control in RAS facilities; sold as ancillary water-treatment hardware to support biomass growth and welfare standards.
• AL2 Belt Filters Belt filter equipment for mechanical solids removal in RAS facilities; sold as ancillary water-treatment hardware across the group's customer base.
• Nofitech Academy Training program and knowledge-transfer ecosystem for ModulRAS facility operators; provides structured RAS operational training, lifecycle learning content, and customer upskilling to reduce operator risk on delivered facilities.

Quantifiable outcome

• Energy consumption under 4kWh per kilogram of fish produced - well below industry average
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

Five partnerships are on record, tiered major and research.

• Schneider ElectricmajorTechnology or IntegrationExpanded collaboration with sustainability strategy. Schneider provides digital automation systems for resource and energy efficiency. Delivered new solutions including heat recovery systems and energy optimization. Joint competence building in hardware and software.
• DNV GLmajorStrategic or Co-development PartnerLong-term framework agreement for certification of all Nofitech facilities. DNV GL conducts three inspections during construction and final control before issuing product certificates required for operational permits. Covers NS 9416:2013 technical standard compliance.
• NIVA (Norwegian Institute for Water Research)researchStrategic or Co-development PartnerPartner in BRAS (Biosikkerhet i RAS) research project funded by FHF. Project aims to identify pathogen establishment in RAS and propose risk-reducing measures for improved fish health and welfare.
• Veterinærinstituttet (Veterinary Institute)researchStrategic or Co-development PartnerResearch partner in BRAS project focused on pathogen presence and survival, specifically ILA-virus in smolt production phase.
• SINTEFresearchStrategic or Co-development PartnerResearch partner in WASTELESS project with NTNU and Hardingsmolt. Project establishes biomass production using ecological principles to optimize nutrient removal and purify RAS water.

Scale indicators7 records

Recent moves14 records

Expansion highlights6 records

Emerging players

• Atlantic Sapphire: Land-based salmon company with major US and Danish facilities pursuing the same land-based grow-out thesis. A potential Nofitech customer or competitor depending on whether it partners with RAS suppliers like Nofitech or builds internal engineering capability.
• Salmon Evolution: Norwegian land-based salmon producer using a hybrid flow-through/RAS system at its Indre Harøy facility. Indirect competitor/partner for Nofitech in the Norwegian land-based salmon ecosystem and a reference point for land-based salmon capex intensity.
• Innovasea: North American aquaculture technology company providing RAS, sensor and fish tracking solutions. Competes with Nofitech for land-based salmon projects in North America (e.g., against Great Northern Salmon) and shares the same digital-monitoring and biomass-software vision.

Direct peers

• Sterner AS: Norwegian supplier of water treatment and RAS technology with deep installed base among Norwegian smolt producers. Directly comparable to Nofitech in delivering RAS process packages and water treatment subsystems to the same salmon industry customers.
• AKVA Group: Largest publicly listed aquaculture technology supplier offering RAS systems, sea-based equipment, sensors and feed solutions. Directly competes with Nofitech in modular RAS for salmon smolt and post-smolt, serving the same enterprise salmon farmers in Norway, Scotland and the Americas.
• Billund Aquaculture: Danish-headquartered RAS engineering and construction company that builds turnkey land-based fish farming facilities. Competes head-to-head with Nofitech on large salmon smolt and post-smolt projects globally, including in Norway and the Americas.
• AquaMaof: Israeli RAS technology provider specializing in land-based finfish production including salmon, trout and sea bream. Competes with Nofitech in modular turnkey RAS for commercial-scale land-based facilities, particularly for European and Asian customers.

Broad incumbents

• Skretting (Nutreco): Global aquaculture feed leader (part of Nutreco) adjacent to RAS operations through feed formulations tailored for RAS-reared salmon and trout. Engages the same Norwegian salmon majors and increasingly co-develops RAS-friendly nutrition for land-based producers.
• BioMar: Major aquaculture feed supplier with deep customer overlap among Norwegian salmon farmers. Board director Oda Høyland of BioMar Norway sits on Nofitech's board, evidencing strategic adjacency between feed and RAS equipment providers.

Others

• Xylem (Aquaculture): Global water technology and pumping business with aquaculture solutions including RAS water management. Provides components and engineering services adjacent to Nofitech's water treatment stack and competes for shares of the same RAS equipment budgets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/RASfishfarms
• LinkedInlinkedin.com/company/nofitech

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nofitech