Cash boost will help Ace Aquatec to expand operations across the globe.
In a press release today, Scottish aquaculture technology supplier Ace Aquatec has announced that it has recently received investment from fund Aqua-Spark. The company said it did not want to disclose the amount.
Dundee-based Ace Aquatec make and develop environmentally responsible predator deterrents, electric stunners, as well as 3D biomass measurement cameras.
The company told SalmonBusiness that it has also recently developed a new sea lice removal system in partnership with Scottish Sea Farms – which will be commercially available in 2020.
The company works said it works with many Scottish salmon farmers including Scottish Sea Farms, Mowi, Loch Duart and more.
Managing Director of Ace Aquatec Nathan Pyne-Carter said: “Aqua-Spark has a fantastic model for supporting and growing companies with a long term perspective which aligns well with Ace Aquatec’s own strategic plan. We are excited to work with their team and to grow stronger partnerships with some of the highly innovative companies in their portfolio”.
Aqua-Spark’s investment will allow Ace Aquatec to expand its operations across the globe, to increase its stock of rental equipment, as well as to increase the number and scale of its R&D projects.
Aqua-Spark co-founders Amy Novogratz and Mike Velings Aqua-Spark said: “Ace Aquatec’s focus on developing technologies for responsible farming is paramount to increasing animal welfare in aquaculture, and an important part of Aqua-Spark’s mission. We believe in Ace Aquatec’s impact potential and look forward to supporting the company as it develops more innovative products and continues to expand its reach”.