Broodstock Capital has increased its ownership share in Maritech Systems to 98%, up from the 52% the seafood investor acquired in December 2017.
Maritech is a supplier of software and digital solutions for the seafood industry and recently acquired 100% of software company, Timpex.
“The aquaculture industry is still relatively analogue in its approach, but the digitalisation wave that we identified a few years ago has started to increase in size," explained Kjetil Haga, partner at Broodstock Capital. "Maritech is at the forefront of this trend and we believe the big digitalisation wave lies ahead of us,” he added.
Maritech's primary product is a seafood trading platform that gives farmers, processors and traders full control of its operations. The company also offers a cloud-based software solution that tracks and traces fish from farmers and fishery from production and processing through to the plate. The company has also built a data analysis solution that uses algorithms to help customers make more fact-based decisions.
The selling parties are Midvest Fondene (36%) and Bølgen Invest (10%). The transaction details have not been disclosed and Mette Kamsvåg, chair of the board of directors, will own the remaining 2%.
