Bluefront combines feed technology holdings in Piscada Aqua and Spillfree merger.
Seafood investor Bluefront Equity is merging two of its Trondheim-based portfolio companies, Piscada Aqua and Spillfree Analytics, in a move aimed at strengthening software support for feeding operations in aquaculture.
Spillfree Analytics, which supports fish farmers with analysing and improving feeding processes, will be merged into software company Piscada Aqua, which provides process control and analysis tools for aquaculture production. The combined business will operate under the Piscada Aqua name.
“These two companies sport complementary product portfolios that focus on improving feeding processes, professionalizing feeding, and enabling increased capacity for fish farmers. This provides an excellent foundation for delivering complete and even more integrated solutions for feeding operations,” says Steinar Fossen, managing director of Piscada Aqua.
Fossen will lead the merged company.
Piscada Aqua has developed a software platform that manages, analyses, optimises and controls aquaculture production processes. Its system provides an overview of operations and allows control of feeding intensity, winch adjustments, camera positioning and integration with new solutions, supporting automation, planning and execution of activity in both ocean net pens and land-based facilities.
Spillfree has positioned itself as an innovation-focused supplier in the drive to professionalise feeding. Its Feedhub platform supports feeding operations, and the company has concentrated on AI-based software that uses video and data analysis to provide decision support for optimising 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,” adds Fossen.
Both companies are headquartered in Trondheim and will co-locate at Piscada Aqua’s offices. The merged business will have 16 employees, with the owners highlighting strengthened technical capacity as a result of the transaction.
Bluefront Equity’s funds own both Piscada Aqua and Spillfree. Following completion of the merger, they will hold approximately 85 percent of the combined company.
The merger is expected to be formally completed during the first quarter of 2026.
