Sale of international aquaculture company
Piper Alderman advised AQ1 Systems on the sale of its world leading acoustic shrimp and fish feeding technology business to Danish global fish feed company, BioMar.
AQ1 Systems is the world leading supplier of sensor based feeding control technology for aquaculture. They specialise in acoustic and optical sensing technology and provides feeding control and sizing system solutions to aquaculture farms and researchers on 25 species of fish and shrimp.
Piper Alderman advised AQ1 Systems on the sale of its world leading acoustic shrimp and fish feeding technology business to Danish global fish feed company, BioMar. 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.
The Piper Alderman team was led by corporate partner, James Dickson, with associate Ella Price. They advised AQ1 Systems across all stages of the transaction, including assisting with vendor due diligence in multiple jurisdictions (Australia, Thailand, Panama and Japan), bidder selection and drafting and negotiating the transaction documentation.
Ross Dodd, Managing Director and founder of AQ1, said:
“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. 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.”