FLS

What FLS does

FLS, operating under the legal name Flatsetsund Engineering, is a Norwegian aquaculture equipment company that designs and manufactures specialized hardware for fish farming operators. Its core product, the OxyBoost oxygen storage system, enables fish farms to locally produce, compress, and store oxygen at pressures up to 150 bar, providing reserve capacity and flexible on-site oxygen distribution. The company also produces delousing equipment equipped with updated biosecurity washing systems, addressing fish health management and sea lice concerns that are central operational challenges in Norwegian salmon farming.

FLS generates revenue through one-time equipment sales to enterprise fish farming operators, primarily in Norway, using a direct sales motion supplemented by participation in industry trade shows such as HavExpo in Bergen. Customer segments are vertically concentrated in fish farming operations, with the value proposition centered on reducing dependence on external oxygen suppliers, enabling flexible oxygen distribution, and supporting biosecure delousing workflows on fish farming vessels.

The company has scaled turnover from NOK 15 million at founding to NOK 350 million, representing significant organic growth over its operating history. The 2026 product refresh cycle, including the OxyBoost launch and updated biosecurity washing systems expected to be installed on approximately 30 vessels by year-end, signals continued commercial momentum within the Norwegian aquaculture cluster.

Name

FLS

Legal name

Flatsetsund Engineering

Website

https://fastleansmart.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

101–250 employees

Short description

FLS (Flatsetsund Engineering) is a Norwegian aquaculture equipment manufacturer that sells proprietary oxygen storage systems and biosecurity delousing washing systems directly to fish farming operators in Norway.

Ownership category

akta.pro rank

Product category

Field Service Management Software

NAICS

Software Publishers (513210), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Field Service Management (FSM) & Dispatch Platforms (HDAEALAM)

akta.pro secondary industries

Field Services & Onsite Support (Dispatch/Break-Fix) (BPAEAJAE), IT Incident, Problem & Change Management Platforms (HDAEALAI)

Keywords

• Field service management software
• Workforce scheduling software
• AI tour optimization
• Mobile field service apps
• Facility management software

Headquarters

HQ city

Heikendorf

HQ country

Germany

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Aquaculture Equipment Sales: FLS generates revenue through the sale of aquaculture equipment including the OxyBoost oxygen storage system and biosecurity washing systems for fish farming vessels

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

FLS develops and sells AI-optimized field service management (FSM) software that enables utilities, industrial companies, financial service providers, and real estate companies to plan, dispatch, optimize, and execute their field service operations. The software suite includes deployment planning and control, AI-based tour optimization, mobile field service applications, customer self-service and appointment portal, and reports and insights. The platform integrates with Microsoft Dynamics 365 Field Service and serves industries including facility management, building technology/HVAC, repair service providers, telecommunications, and machinery/plant construction.

Product overview

FLS (Flatsetsund Engineering) is a Norwegian aquaculture equipment company offering specialized systems for fish farming operations. The company's product portfolio centers on the OxyBoost oxygen storage system for oxygen management on fish farms, along with delousing equipment featuring updated biosecurity washing systems. FLS serves the aquaculture industry with equipment that supports fish health and farm biosecurity.

Differentiator

Problem solved

Functional benefit

Products and services

• Solvares Field Service Management Software AI-optimized field service management software for enterprises with field operations. Combines deployment planning and control, AI-based tour/route optimization, mobile field service applications, customer self-service and appointment portal, and reports/insights. Integrates with Microsoft Dynamics 365 Field Service and is targeted at utilities, industrial companies, financial service providers, real estate companies, facility management, building technology/HVAC, repair service providers, telecommunications, and machinery/plant construction.

Quantifiable outcome

• Turnover growth from NOK 15 million to NOK 350 million since founding

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• ServiceNow: ServiceNow is a leading enterprise platform that includes Field Service Management as part of its broader workflow and ITSM portfolio. It is comparable to FLS/Solvares as a competing FSM offering, but operates as a large multi-product platform rather than a focused FSM specialist.
• Salesforce Field Service (incl. ClickSoftware): Salesforce Field Service combines the ClickSoftware FSM product with Salesforce's CRM platform. It is comparable to FLS/Solvares as a direct enterprise FSM competitor, but anchored on Salesforce's broader CRM ecosystem and significantly larger scale.
• Microsoft Dynamics 365 Field Service: Microsoft's Dynamics 365 Field Service is the platform FLS/Solvares integrates with through the Visitour partnership. It is comparable as a competing FSM product for enterprises standardized on Microsoft, but operates as part of a much larger Dynamics business applications portfolio.
• IFS: IFS provides enterprise ERP, EAM, and FSM software to industrial and asset-intensive customers. It competes with FLS/Solvares in the same industrial FSM buyer pool, but as a broader enterprise application suite rather than a focused FSM product.
• Oracle Field Service Cloud: Oracle Field Service Cloud (formerly TOA Technologies) is an enterprise FSM offering within Oracle's CX/ERP portfolio. It is comparable as a competing FSM product for large enterprises, but positioned as part of Oracle's broader application suite.
• Trimble Field Service Management: Trimble offers FSM and mobile workforce management software as part of its broader geospatial and industrial technology portfolio. It is comparable to FLS/Solvares as an enterprise FSM vendor, particularly for utilities and field-intensive industries, but operates across many adjacent verticals.
• PTC (Creo/ThingWorx and Servigistics service parts): PTC provides software for industrial manufacturers including service lifecycle management and field service capabilities. It is comparable to FLS/Solvares as a vendor serving industrial service operations, though its FSM positioning is part of a broader PLM and IoT portfolio.

Direct peers

• ServiceTitan: ServiceTitan is a field service management platform for service contractors and trades. It is comparable to FLS/Solvares as an FSM software vendor serving field-based service operations, though it is more focused on trades and home services rather than industrial/utility customers.
• Jobber: Jobber is field service software for small and mid-sized service businesses including dispatch, scheduling, and invoicing. It is comparable to FLS/Solvares as a direct FSM software vendor, but targets the SMB segment rather than industrial enterprises.
• ClickSoftware (Salesforce): Originally an independent FSM specialist, ClickSoftware is now part of Salesforce Field Service. It is comparable to FLS/Solvares as a focused enterprise FSM scheduling and optimization vendor before its acquisition, and represents the specialist-FSM-consolidation thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fls-fast-lean-smart

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 FLS