Land-based facilities and equipment to blue chip salmon farmers

Nofitech at a glance

Nofitech provides land-based facilities and equipment to blue-chip salmon farmers. Its primary offering today is a recirculating aquaculture system (“RAS”), ModulRAS, which allows fish farmers to move parts of the fish's growth cycle onto land, and also offers facilities for the final growth stage, providing fish farmers with the option to locate all production on land.

Year acquired





EUR 69 m





Investment themes

Resource Efficiency

Key developments in 2022

Nofitech continues to experience strong growth and momentum, with revenues up over 60% from 2021. Furthermore, the company delivered two facilities, added to its already record-high backlog of signed projects, bolstered the organization across key geographies, and invested heavily in its R&D programs.

The challenges we face

Sustainable food production is needed for a growing and aging population, as many regions and countries already suffer from high food insecurity. Additionally, 31% of GHG emissions originate from the world’s food systems and agricultural emissions are projected to triple by 2050 without productivity gains.


est. increase in food production between 2010 and 2050 to feed a growing population.


lower GHG emissions per kg edible meat of salmon versus cattle. Yet, regulation limits growth in conventional fish farming.

How does Nofitech help?

Reality today

Traditional aquaculture at sea has certain negative impact on life below water, both on the marine habitat and the fish themselves (e.g., disease and lice), and is thus regulated by quotas that limits the organic growth in seabased farming.

Nofitech approach

Nofitech moves parts of, or the entire, growth cycle of fish farming onto land, reducing the pressures from sea-based farming on the ecosystem and enabling
fish farmers to increase overall production.

Aspirational future

An efficient and sustainable aquaculture system that supports consumers with access to sustainable and affordable proteins.

Who is impacted?

Salmon farmers in the North Sea Basin are impacted by receiving access to a more environmentally friendly production system given the compact, standardized, and modular nature of its facilities, which also increases the utilization of their salmon farming licenses.

What are the impact considerations?


Without Nofitech, farmers within the aquaculture industry would not have the opportunity to grow post-smolt at a cost-effective and affordable price. Nofitech continues to drive the industry towards innovation and technology improvements – and the effort leads the entire industry towards a more sustainable future.


Recirculating aquaculture systems (RAS) are complex systems with high densities of fish that have a high economic value. Thus, larger production issues can have significant consequences, not only in terms of lost monetary value for the fish farmer, but also for fish health and welfare.

SDG alignments

SDG 12
SDG 14

KPI reporting

Revenue (EURm)


Co2e per kg post smolt production