BioMar acquires intelligent feeding technology
Following the successful entrance into the shrimp feed market, the board of BioMar approves the acquisition of AQ1 Systems, the world’s leading producer of acoustic feeding technology for the shrimp farming industry. With the investment, BioMar aims to accelerate the sustainability journey of the industry.
BioMar has during the last years intensified research and advisory services, embracing the complex interconnection between feed solutions, environment, and shrimp performance. Today, yet another step is being taken connecting the dots as BioMar has announced the acquisition of AQ1.
Strengthening the core feed business with innovative tech solutions, launches a new chapter in the journey of BioMar. The aim is to create new synergies between farming technologies and feed solutions:
“We have a strong belief that we can bring together knowledge and tech innovation, offering new advantageous solutions to our customers improving feeding efficiency and sustainability. By optimizing feeding practises, combining intelligent feeding systems, comprehensive analytics, advanced feed solutions, and effective farm management, we can take yet another step in the right direction”, explains Carlos Diaz, CEO BioMar Group, and continues:
“During the last years, we have seen, that the use of intelligent feeders in shrimp farming can optimize feed efficiency, production yield, and sustainability, when introduced along data-driven farm management. Adding BioMar feed solutions and technical knowledge to the equation opens new opportunities”.
AQ1 will continue as an independent company with its’ own commercial set-up, business systems, and distribution channels, servicing both BioMar customers and customers with other feed providers. Existing AQ1 customers will not experience any changes to their service and agreements with AQ1.
“We very much look forward to the collaboration with BioMar and their parent company Schouw & Co who have significant investments in electronic and mechanical engineering. We believe this will enable us to develop new markets and create value from an extensive combined knowledge base and global reach. At the same time, we have a mutual interest in supporting the growth of the industry. I am sure, the new alliance will open many possibilities for technological innovation, which will benefit farmers around the world, concludes Ross Dodd, Managing Director and founder of AQ1.
Ross Dodd will continue heading AQ1 after the acquisition.