December 22, 2020

IMV Technologies completes acquisition of swine AI company

 

IMV Technologies has completed the acquisition of Tecnovet, SL, a Spanish company specialised in swine artificial insemination technology and other veterinary products.

Tecnovet is recognised worldwide for its Import-vet line of swine insemination products.

Tecnovet strengthens IMV Technologies' position in the highly competitive market of swine insemination, especially in post-cervical artificial insemination (PCAI) technology. "Juan Morell Bras and the expert team at Tecnovet are the demonstrated leaders in swine artificial insemination products and service in Spain," says Alain de Lambilly, CEO of IMV Technologies. "Like IMV Technologies, their products have global reach, with important customers and partners across Europe, the United States, Russia and Latin America.

"Together, we will capitalise on our groups' shared culture and strengths. We share robust research and development programmes, strong technical expertise, and a culture of quality and customer service," de Lambilly adds. "Tecnovet and IMV Technologies, through their developments and technology also share deep commitment toward sustainable animal agriculture."

Tecnovet, previously also known as Import-Vet, was founded in 1991 by Juan Morell Bras. His company has brought to market products that are used daily in boar semen production centres, such as the MetroSperm^® device to calculate sperm concentration. Other Tecnovet leading technologies include the Soft&Quick^® line of cervical and post-cervical insemination catheters and its accompanying bulk semen deposition technology.

As part of the IMV Technologies family, Tecnovet will enjoy access to the IMV distribution network, in more than 120 countries.

Juan Morell Bras, founder and CEO of Tecnovet, will continue to lead the team through the transition and beyond.