InnovaSea Systems Inc., of Boston, Massachusetts, U.S.A., announced on 1 February that it has acquired Water Management Technologies Inc. (WMT), of Baton Rouge, Louisiana.
WMT has, for 25 years, designed and supplied equipment that can be utilized in aquaculture systems, including effluent and complete recirculating aquaculture systems. The new acquisition, according to InnovaSea, will become a new business unit within the company called “Land Systems” and will operate alongside the company’s existing farm system, instrumentation, and fish tracking business units.
"For a quarter of a century WMT has been a leader in flow-through and RAS technology with demonstrated expertise in both freshwater and saltwater systems,” David Kelley, CEO of InnovaSea, said in a release. “The acquisition of WMT adds nursery/hatchery solutions to our existing open ocean grow-out systems. This enables InnovaSea to provide complete egg to harvest solutions for our clients."
Created in 2015, InnovaSea designs and creates open-ocean aquaculture systems and helps develop sustainable technologies for fish farmers.
WMT’s current focus is primarily RAS equipment, including the design, installation, start-up, service, and support of the equipment needed.
"With the vigorous growth underway within the recirculating aquaculture systems sector, becoming part of the Innovasea team will significantly broaden our capability and also provide the needed resources to grow and capitalize on the opportunities presently in the marketplace," Terry McCarthy, President of WMT, said.
The acquisition is the second in a month for InnovaSea. In January, it announced that it purchased Laksevåg, Norway-based Nortek Akvakultur. Nortek’s acquisition, according to InnovaSea, increased the technological capabilities of the company.