CageEye said in a press release that the move strengthens its position in the aquaculture technology space and enables new opportunities inside and outside Norway.
The company uses sonar technology and machine learning to observe and analyse fish behaviour, which allows for optimal feeding with no waste.
NorseAqua’s products include a belt feeder and a hopper feeder for cleaner fish, both of which are mounted on the cage edge. It also supplies artificial kelp hides for cleaner fish, a feed spreader to improve distribution of salmon feed, and the Mid-Norwegian Ring, which improves the water environment by transporting water upwards.
The company, based in Bindal, Norway, supplies around 3,000 salmon cages in Norway, Iceland, Scotland, including Shetland, the Faroes and Canada and has around 4,500 products in the field.
Lars Berg-Hansen, who founded NorseAqua in 2014, said: “I believe CageEye and NorseAqua are a great fit. Both companies are intrinsically motivated to help farmers fight some of the biggest challenges in current fish production today.”
The company’s general manager, Sveinung Kristiansen, said: “We both offer solutions to the market that change the way farmers work. Either in the way they deal with sea lice or in how they make feeding decisions. But always with the same goal in mind: increasing farmers’ production.”
CageEye chief executive Bendik S Søvegjarto said: “By adding NorseAqua to our company we increase our development power, broaden our network and extend our support network.”
In October last year sustainable aquaculture investment fund Aqua-Spark announced that was investing an undisclosed amount of money into CageEye.
The companies said CageEye would use the money to invest in research and development, grow its team and expand its customer support network.