UK’s Aquanetix relocating to Greece

UK-based aquaculture software business Aquanetix is moving to Greece, following its acquisition by Innovasea.

The cloud-based farm management software developed by Aquanetix is in use at more than 200 farms in 31 countries, helping to grow more than 30 species of fish and shrimp.

The US-based aquaculture tech group Innovasea announced yesterday that it had acquired Aquanetix, and that the UK company’s operations would be relocating to Corinth, Greece.

Aquanetix co-founder Diogo Thomaz and his team will be relocating to the new HQ, and the company aims to hire more staff there.

Thomaz said: “We’re thrilled to become part of the Innovasea family and add our farm management software to its strong portfolio of egg-to-harvest aquaculture solutions. This is a wonderful opportunity for us to make additional investment into our business to enhance our existing tools and better serve our customers.”

Terms of the deal, which closed earlier this year, were not disclosed.

The company was founded in 2015 and in 2020 it opened a full service office in Puerto Varas, Chile.

Innovasea CEO David Kelly said: “Acquiring a company of Aquanetix’s calibre presents an exciting opportunity for us. By adding its powerful farm management capabilities to our suite of real-time aquaculture intelligence solutions, we’ll be rounding out our precision aquaculture platform and further helping our customers make data-driven decisions to improve operations, run more efficiently and sustainably and become more profitable.”

He added that Innovasea’s footprint in Greece will help it execute on its growth strategy in key markets like the Mediterranean and Middle East while better serving existing customers in those areas.  The group already has offices in the US, Canada, Norway and Australia.