About

A shared interest for salmon and sustainable development.

Our story begins with the brother trio: Stig, Ole & Petter Bakke. The brothers have shared an interest in salmon since childhood. As children, Stig and Ole would join their father for salmon fishing in the fjord around Bremanger where they grew up. What was first play, became their careers. Stig and Ole started in the fish farming industry in the late 80’s and by the 90’s they were running farms, and Petter joined his brothers, feeding the fish.

Stig and Ole Bakke

Through the years they have raised – both on land and sea – salmon, trout and cod. Together they have vast experience from different departments (smolt, sea-based farming, slaughtering and processing) and a diverse background from establishing, managing and divesting aquaculture companies.

With their Norwegian heritage and many years experience in fish farming, after meeting AquaMaof in Poland, they established Smart Salmon with the ambition to be a player in the land-based salmon farming. Since 2015 the Bakke brothers have developed a good relationship with AquaMaof and have visited their different facilities around the world several times, as well as their headquarters in Israel. AquaMaof’s RAS technology is simple, safe and cost-effective.

Since then Smart Salmon has attracted interesting owners and people for its administration and we are all excited to be part of the new wave of land-based fish farming – from large smolt to full grown salmon produced in the heart of the markets.

Investment opportunities at Smart Salmon

We have started raising capital for phase one – a 7.500 tonnes flexible farm for large smolt and full-grown salmon in Norway – and today we have land, license and preliminary facility design in place. We have so far raised 50 MNOK in new equity and are now conducting the final design. The next step is to raise capital combined with listing at Euronext Growth, before starting construction.

The project in Norway, is at Smørhamn, Bremanger. But our vision doesn’t end here.

Project Norway

A project in France is being simultaneously planned. We have ready a preliminary design, and are now working with our French partners to be granted all licenses and building permits for 8.000 tonnes of fish. Our French facility will include a hatchery, nursery and full grow-out area, as well as slaughtering and processing departments delivering consumer branded products, all under the same roof. The concept is a carbon-neutral and fully-circular fish farm, with the ambition to have greenhouse productions from recycled resources from the fish production.

Project France

RAS fish farms

7.500

tonnes yearly production
in Norway

8.000

tonnes yearly production
in France

50.000

tonnes yearly production
aim for 2030

MNOK raised in
new equity

MANAGEMENT TEAM

We are a multi-disciplinary team of aquaculture experts with years of experience and a passion for the industry.

Our founding members, management team and partners have extensive salmon farming and RAS experience along with experience from genetics, smolt production, farming, biology and fish health management, and also industrial and financial expertise from the seafood industry.

For us to be sustainable is more than taking care of the environment, but also to take care of ourselves, each other and the planet. Therefore we aim to have diversity within our team, responsible operations and to engage with the local community. By providing jobs opportunities in local areas, Smart Salmon will contribute to local value creation for rural communities. We are socially and environmentally conscious. For Smart Salmon it is important how we conduct business operations, so that they are not only profitable but also responsible, making the right impact in the long term, for the environment and people.

Petter Bakke

CEO & Farmer

Experience & Education:

16 years of experience from fish farming
10 years within trading, portfolio management and equity sales
MSc in Economics and Business Administration

Ole Bakke

Business Developer & Innovator

Experience & Education:

More than 20 years of experience from various salmon and cod farming businesses
7 years of experience as managing director in Seamatech and Sjøtunga AS
Education: Aquaculture DH

Ole-Alexander Palm

CFO & Strategist

Experience & Education:

Experienced seafood consultant with 10 years of experience from strategy and M&A related advisory
Acted as COO for a Norwegian fish farmer for almost 2 year
MSc in Economics and Business Administration