Redox acquires oxygen and nitrogen systems supplier Norluft
Norwegian ozone and oxygen specialist Redox AS has acquired oxygen and nitrogen systems supplier Norluft AS in what it said is a move to offer its aquaculture customers a more complete product offering and strengthen its position within closed aquaculture systems.
“Our ambition is to become the leading supplier of cost-efficient ozone and oxygen solutions to the seafood industry. The acquisition of Norluft fits perfectly with this strategy, both technologically and geographically,” said Redox managing director Jonas Bergman.
In addition to oxygen and nitrogen systems, Norluft supplies compressed air systems and control systems to aquaculture oxygenation systems. It also provides marine services for wellboats, de-lousing barges and other vessels.
The company is headquartered in Ranheim in Trøndelag county, Norway, and offers its products and services throughout central Norway.
Brand stays the same
Norluft, which has six employees and generated revenues of NOK 42 million in 2021, will remain as company and brand, and Øyvind Sørgård will continue in the role of managing director.
“We have grown rapidly in an attractive and exciting market segment. Redox emerged as the most forward-thinking and competent player that can provide us with the professional environment we want as part of our continued development,” said Sørgård.
“Redox is clear that they want to continue building Norluft. We therefore aim to hire new employees to strengthen our team and facilitate further growth.”
Redox is majority-owned by seafood investor Bluefront Equity and is chaired by former Mowi chief executive Alf-Helge Aarskog, who is an industry advisor for Bluefront.
