BioMar acquires shrimp intelligent feeding technology
The company acquired AQ1 Systems, a producer of acoustic feeding technology for the shrimp farming industry, which will create new synergies between farming technologies and feed solutions.
April 7, 2022
Following the successful entrance into the shrimp feed market, the board of BioMar approved the acquisition of AQ1 Systems, the world’s leading producer of acoustic feeding technology for the shrimp farming industry.
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 practices, combining intelligent feeding systems, comprehensive analytics, advanced feed solutions and effective farm management, we can take another step in the right direction,” explains Carlos Díaz, CEO of BioMar Group. “During the past few years, we have seen that the use of intelligent feeders in shrimp farming can optimize feed efficiency, production yield, and sustainability when introduced along with 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 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,” concluded Ross Dodd, managing director and founder of AQ1. Dodd will continue heading AQ1 after the acquisition.