Akva, a leading aqua-solutions firm, has acquired 100 percent of the shares of Observe Technologies – a UK-based company using artificial intelligence to provide feeding solutions for the aquaculture industry. Prior to this acquisition, Akva owned 33.7 percent of the AI solutions company and, following the share buyout, intends to consolidate its position in the digital aquaculture solutions market.
“The acquisition of 100 percent shares in Observe is of great strategic importance to AKVA and will further develop and complement our digital offerings to the market,” said Akva chief executive Knut Nesse, according to Seafood Source.
“AKVA now offers four digital products to the market: AKVA Fishtalk, AKVA Observe, AKVA Connect, AKVA Submerged. By combining these products, we now offer a complete digital solution to enhance precision fish farming,” he added.
Hemang Rishi, Observe Technologies chief executive, expressed his satisfaction at the acquisition and the opportunities it will present to the company.
“This is a unique opportunity to be a key offering in AKVA’s precision farming solution while giving us the operational flexibility to continue to develop the business. We firmly believe AKVA’s approach, combined with operational gains we have already provided, will drive the industry towards even more sustainable outcomes,” Rishi said.
