RAS solutions of the future

Nofitech was established in 2011 by the founders Geir Løvik and John Hestad. Both with long operating experience from Norwegian smolt production and more than 10 years of experience in designing RAS facilities. Their ambition was to develop the market's most cost-effective and compact RAS solution. The first module for fresh water was delivered in 2012, and the first ModulRAS facility for operation with seawater in 2015. The facilities have produced many generations of fish with very good production results.

Research and development

Head of R&D / FoU Kari Johanne Kihle Attramadal
Head of R&D / FoU
Kari Johanne Kihle Attramadal

We strive to improve ModulRAS focusing on:

  • Simple operations
  • Safe, energy effective and cost-efficient production
  • Sustainable solutions
  • Optimal and stable water quality
  • High growth and low mortality rates
  • Better conditions for the fish, the environment and the fish farmer.

To achieve this, Nofitech works closely with fish farmers, authorities, research institutions and insurance companies.

Sustainability and corporate social responsibility

RAS (Recirculating Aquaculture System) is a closed and environmentally friendly production system, which utilizes the water sources better than traditional flow-through and re-use facilities. Small quantities of new water into the system allows the water to be well treated, thus preventing fish from being infected.

Small quantities of water out of the systems also gives significantly less environmental footprint. Feed residues and faeces are filtered out of the water and taken care of and further processed for example to fertilizer and energy. Nofitech is constantly working to develop ever better solutions for the sustainable use of all waste streams from the systems.

Growth with solid owners

In 2018, the Norwegian active owner Longship bought 70% of the shares in Nofitech. The fund’s ambition is to help develop Nofitech into an internationally leading player in the development of RAS solutions. The two founders, Geir Løvik and John Hestad, still own 30% and will be part of the further development of the company.

Over the past couple of years, the delivery capacity has been significantly strengthened, including through the employment of a new CEO, several MSc / civil engineers as project managers and new employees with expertise in automation. Several of the employees also have extensive experience from the construction industry.

Board of Directors

The Board of Directors (BoD) in Nofitech Holding consists of people with broad experience from various businesses and industries, as well as deep expertise from fish farming and aquaculture.

Jon Hindar

Chairman of the Board

  • Thematic Partner at Summa Equity
  • 25+ years experience from senior mgmt. positions within the seafood industry and life sciences sector
  • MSc of Science and Engineering, Chemistry  from NTNU
  • PED from IMD Business School

Bernt Østhus

Board Member

  • Founding partner at Longship
  • Longship case responsible for Nofitech
  • Broad experience from active and transformational ownership since 2001
  • Master of Law from the University of Bergen

Martin Gjølme

Board Member

  • Partner at Summa Equity
  • Summa case responsible for Nofitech
  • Substantial investment and value creation experience from 3i Private Equity, Sole Capital, and McKinsey
  • MSc Economics & Business Administration (NHH)

Mats Hansen

Board Member

  • Investment Manager at Longship
  • Experience from investments and value development in Norwegian growth companies
  • MSc Economics & Business Administration (NHH)

Asbjørn Reinkind

Board Member

  • Extensive industry experience
  • Former CEO in Hydro Seafood and Rieber & Søn
  • Board positions in Biomar and Mørenot
  • Previous positions in Seafarm Invest, Letsea, Sjøtroll, Grieg Seafood and Midt-Norsk Havbruk
  • Chairman of the Board of Nofitech 2018-2022
  • MSc Economics & Business Administration (NHH)

Einar Hübert

Board Member

  • Project Manager in Hafslund Oslo Celsio for construction of Carbon Capture facilities at Klemetsrud Waste to Energy Plant
  • 35+ years experience from major construction projects at Kværner, Umoe, Aker BP, REC and Jotun
  • Business Consultant in PriceWaterhouseCoopers
  • MSc Mechanical Engineering from NTNU

Geir Molvik

Board Member

  • 40 years experience from the aquaculture industry, both from operating companies (among others Cermaq, EWOS, Hydrotech Gruppen, Hydro Seafood and Tassal) and banking
  • CEO of Cermaq Group until March 2022
  • Board member of Cermaq Group AS and Regal Springs AG
  • MSc Fisheries from the University of Tromsø