Founded in 1991, LiftUP is a world leading supplier of waste extraction systems for fish farms. Its technology can remove up to 70 percent of the sludge from open cages. The LiftUP system is a complement to the Alfa Laval Framo pumping system AquaStream, which brings up fresh low temperature water with high oxygen levels (from around 25 m depth) and creates a perfect sea current - thereby providing conditions similar to the deep fjords, creating an optimal environment for the fish.
"This acquisition is a valuable addition to our sustainable aquaculture portfolio, expanding our offering of fish farming solutions that increases both the productivity and economic attractiveness of fish farming solutions while reducing its impact on the environment," says
The acquired company had revenues of 75 MNOK (2020) with good profitability. It will now be part of the business unit Pumping Systems in the Marine Division.
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