Novo Holdings to acquire majority stake in Stingray Marine Solutions, a leading provider of aquaculture technology
Novo Holdings today announced that it has agreed to acquire a majority stake in Stingray Marine Solutions, a market-leading aquaculture technology company that provides advanced solutions for a more sustainable fish farming industry.
Stingray Marine Solutions (“Stingray”), founded in 2012 and headquartered in Oslo, Norway, specialises in intelligent aquaculture technology aimed at increasing sustainable salmon production. The company’s product, the Stingray system, utilises a combination of camera vision, advanced proprietary software, and laser technology to remove sea lice from fish in a humane and efficient manner. This system not only improves fish health and welfare but also enhances operational efficiency for fish farmers by reducing the need for manual handling of the fish and the associated mortality.
