Following its entrance into the shrimp feed market, the board of BioMar has approved the acquisition of Australian acoustic feeding technology company AQ1 Systems, with the aim 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,” BioMar Group CEO, Carlos Diaz, said.
“By optimising feeding practices, combining intelligent feeding systems, comprehensive analytics, advanced feed solutions, and effective farm management, we can take yet another step in the right direction.
“During the last years, we have seen, that the use of intelligent feeders in shrimp farming can optimise 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 or agreements.
Ross Dodd, Managing Director and founder of AQ1, said the company is looking forward to the collaboration with BioMar and its parent company Schouw & Co which has 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,” Dodd said.
Dodd will continue to head AQ1 after the acquisition.
