Nutreco will acquire full ownership of Eruvaka after acquiring a 25% stake in 2018. Full ownership will enable Nutreco’s aquaculture business line, Skretting, to deliver in-house on-farm software and smart equipment to aquaculture farmers around the world to increase their productivity and reduce the risk for their operations.
Founded in April 2012 in Vijayawada, Andhra Pradesh, India-based Eruvaka develops cloud-based aquaculture pond management solutions, including real-time monitoring and smart feeders. Technology features include automatic and intelligent sonic feeding, alerts, pond diagnostics, data recording, analytics and automation. Nutreco’s original stake of 25% in a commercial partnership was designed to help scale Eruvaka.
Eruvaka CEO, Kunal Choudhary, said that “Eruvaka has formed the basis for the exceptionally successful Skretting 360+ concept. We have been able to work with farmers to reduce uncertainty, provide peace of mind, increase productivity and reduce risk.”
Nutreco CEO, Fulco van Lede, said, “I am delighted that Nutreco is taking full ownership of Eruvaka. Our purpose of Feeding the Future drives us to invest in innovative technologies that improve the sustainability of our food supply chain. This investment demonstrates our commitment to supporting aquaculture farmers in incorporating smart solutions that make their business more productive and efficient.”
This technology has been integrated into Skretting’s offering for clients in Latin America since 2018 and has enabled farmers to reduce production costs and increase yield and sustainability parameters, while significantly reducing their risk.
Carlos Miranda, managing director of Skretting LatAm, added that “Eruvaka became part of our Skretting 360+ value proposition in 2018, supporting the Precision Feeding and Farm Management pillars of the program. Together with Skretting premium extruded diets and the Sketting Technical Support, this enabled shrimp farmers to maximize their results and improve their production performance, considerably increasing growth and survival, and reducing the average FCR and cost by 26%. We are proud to support our farmers and the market growth in LatAm in this way and are committed to continuing this journey with our customers to pursue continuous improvement of efficiency and sustainability through innovation and digitalization.”
Since 2019, Nutreco has made over ten investments across Asia, Latin America, Australia, Europe and the USA, reflecting its ongoing commitment to support innovative new technologies that advance sustainability across the feed-to-farm value chain.