Pentair Aquatic Eco-Systems to buy Vaki of IcelandStaff Writer | October 25, 2016
Pentair Aquatic Eco-Systems (PAES) has entered into an agreement to acquire Vaki, a leading aquaculture equipment manufacturer based in Kópavogur, Iceland.
Acquisition The aquaculture industry continues to expand
Karl Frykman, president of Pentair Water Quality Systems, said: “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.”
He pointed out that the Vaki acquisition also helps the firm to strengthen its position as a comprehensive single source provider.
Vaki is focused on the design and manufacture of fish handling, counting and grading solutions for a variety of aquaculture applications. It also develops and offers cutting-edge technology for biomass estimation in aquaculture systems.
PAES offers solutions and expertise to improve growing conditions in any environment, from recirculating aquaculture systems to improving water conditions in pens.
Its parent company Pentair plc delivers industry-leading products, services and solutions for water and other fluids, thermal management and equipment protection.
The transaction is anticipated to be completed in late 2016 and is subject to customary closing conditions. ■