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Maritech acquires majority share in Lillebakk

Maritech acquires majority share in Lillebakk

Maritech invests in Lillebakk to strengthen positioning in digitalization and industrial IoT by offering seafood customers tools to capture real-time data and control processes at remote sites.

Maritech Systems AS, a leading provider of digital seafood software and data solutions, and Lillebakk Engineering AS, a fast-growing Norwegian company focused on Industrial IoT, are delighted to announce that Maritech Systems has become a majority owner in Lillebakk. Lillebakk Engineering AS, based in Molde, Norway, develops a broad range of Industrial IoT products and decision-making tools, using modern instrumentation and sensor technology for data capture to provide key, real-time remote monitoring, efficiency control and process improvement of automated equipment and systems. This acquisition is a significant milestone in Maritech’s journey towards the advancement of digitalization in the seafood sector.

The trend with increased automation, digitalization and everything connected (Industrial Internet of Things) is rapidly entering seafood and aquaculture. To play a key role in this significant change in the market, Maritech has invested in and partnered with Lillebakk. Maritech’s aim is to expand the tools available for seafood companies globally in an increasingly digitized value chain where connectivity is crucial. By connecting production sites, the Digital Seafood solution will give the customers an overview and a decision-making tool, allowing for cost reductions in areas such as production, energy, logistics and service. Seafood companies can collect, aggregate, document and process data from single production sites to multi-site, complex environments.

“Digital seafood nets together information from all aspects of the seafood value chain in powerful ways, presenting tremendous opportunities for competitive advantage and revenue growth for seafood organizations,” says Janne T. Morstøl, Maritech’s CEO. “A number of providers are talking about digitalization and industrial IoT, but Lillebakk has already delivered significant value to customers by providing tools to capture real-time data from remote sites. Lillebakk’s complementary focus on automation technology is a strong addition to the Maritech family as we continue to define more innovative solutions for our clients and grow our presence globally.”

According to Frode Lillebakk, CEO of Lillebakk Engineering AS “The Maritech/Lillebakk amalgamation is an excellent strategic fit, presenting a unique opportunity for both parties to provide customers with expertise and tools in the field of digitalization and automation. Maritech is a leading, recognized provider to the global seafood industry and this acquisition will strengthen Lillebakk’s focus in aquaculture and fisheries and provides an expanded vehicle for international growth.”

 

For further information, please contact

Janne T. Morstøl

CEO, Maritech Systems As

Verftsgt 10

N-6416 Molde, Norway

Tel +47 951 96 224

Email: jtmorstol@maritech.no

 

Frode Lillebakk

CEO, Lillebakk Engineering AS

Eikremsvingen 9

6422 Molde, Norway

Tel + 47 982 09 771

Email: frode@lillebakk.com

 

About Maritech

Maritech – a key supplier of seafood software and data systems - is recognized as a leading partner in developing end-to-end traceability and business software for many of the largest and most prominent seafood organizations in the industry, providing them with the tools and resources they need to increase profitability and streamline business processes while keeping pace with an increasingly demanding regulatory environment.

About Lillebakk

Lillebakk Engineering AS, based in Molde, Norway, develops a broad range of Industrial IoT products and, together with the LINSiGHT portal, uses modern instrumentation and sensor technology for data capture to provide key, real-time remote monitoring, efficiency control, and process improvement of automated equipment and systems. Used by multiple industries, including aquaculture and fisheries, Lillebakk solutions log real-time information from automated systems and provide alerts and decision-making tools in a secure, web-based interface.