Pentair Aquatic Eco-Systems has entered into an agreement to acquire Vaki Aquaculture Systems Ltd, a leading aquaculture equipment manufacturer based in Kópavogur, Iceland.
The transaction is anticipated to be completed in late 2016 and is subject to customary closing conditions.
The addition of Vaki is expected to strengthen Pentair Aquatic Eco-Systems’ business by broadening its range of systems, products and services in the growing aquaculture market space.
Vaki is focused on the design and manufacture of fish handling, counting and grading solutions for a variety of aquaculture applications. Vaki also develops and offers cutting-edge technology for biomass estimation in aquaculture systems; providing users with accurate information to maximize operational efficiencies, facilitate resource planning and optimize decision-making. Vaki products have widespread global adoption, with use in more than 50 countries.
“As the aquaculture industry continues to experience rapid growth, the addition of Vaki Aquaculture Systems complements our ability to meet the increasing market demand for advanced solutions, technology and equipment. Vaki also helps to strengthen our position as a comprehensive single source provider,” said Karl Frykman, President of Pentair Water Quality Systems.