April 11, 2022

BioMar acquires intelligent feeding technology business

The board of BioMar has approved the acquisition of AQ1 Systems, the world's leading producer of acoustic feeding technology for the shrimp farming industry.

With the investment, the company aims to accelerate the sustainability journey of the industry.

The aim of the acquisition 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," said Carlos Diaz, chief executive officer of BioMar Group. "By optimising 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.

"During the past 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 setup, business systems and distribution channels, servicing both BioMar customers and customers with other feed providers.

"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," said Ross Dodd, managing director and founder of AQ1. "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."

- BioMar