Aquaculture for all
Finally a tariff you’ll enjoy: Get 30% off all yearly membership plans by entering code TFS30 at checkout.

Blue Future Holding acquires majority stake in Lumic amid new tech alliance

Health Technology & equipment Mergers and acquisitions +2 more

Lumic AS and Greenfox Marine AS have entered into a strategic partnership to develop an integrated health station for juvenile fish production. In parallel, Blue Future Holding becomes the majority shareholder in Lumic with a 51 percent ownership stake.

Machines for vaccinating fish.
The first customer order for the new fully integrated machine has already been received, with delivery planned for the second half of 2025

© Blue Future Holding

By combining Lumic’s technology for automated vaccination with Greenfox Marine’s advanced ultrasound and camera-based systems, the companies are developing a machine that analyses the fish both externally and internally, while simultaneously vaccinating and sorting the fish by gender, health condition, and size.

Hans-Magne Strømme, CEO of Lumic, said in a press release: “This combination enables us to offer fish farmers a tool that increases survival rates and improves growth during the seawater phase. It’s a significant step towards more sustainable production.”

A key element of the collaboration is the integration of ultrasound-based analysis into Lumic’s vaccination machines. Ultrasound is currently primarily used for gender sorting, which is increasingly valued by fish farmers. In addition, Greenfox Marine claims their algorithms can detect risk factors that may affect fish welfare, such as heart function, kidney stones, and spinal deformities.

Erling Aspen, CEO of Greenfox Marine, added: “In addition to gender sorting, our technology evaluates relevant fish health and production parameters through individual monitoring of every fish being vaccinated. This can help optimise both juvenile production and the growth phase after transfer to seawater. We are currently adding a range of new diagnostic functions to our technology platforms.”

Alongside the establishment of this partnership, Blue Future Holding becomes the new majority owner of Lumic, which already owns 97 percent of Greenfox Marine.

“Through this initiative, we can offer fish farmers a unique tool for deploying robust fish into the sea  with greater growth potential and lower mortality. This aligns perfectly with our investment strategy, which has sustainability and fish welfare as core values,” concluded Odd Magne Rødseth, CEO of Blue Future Holding.