Nutreco buys full ownership of feed tech supplier Eruvaka
Netherlands feed producer Nutreco today announced that it will acquire full ownership of Indian shrimp feed software and equipment supplier Eruvaka after acquiring a 25% stake in 2018.
Nutreco said the acquisition will enable its aquaculture business, Skretting, to deliver in-house on-farm software and smart equipment to aquaculture farmers around the world to increase their productivity and reduce the risk for their operations.
Founded in April 2012 in Vijayawada, Andhra Pradesh, India-based Eruvaka develops cloud-based aquaculture pond management solutions, including real-time monitoring and smart feeders. Technology features include automatic and intelligent sonic feeding, alerts, pond diagnostics, data recording, analytics and automation.
Nutreco’s original stake of 25% in a commercial partnership was designed to help scale Eruvaka.
Eruvaka chief executive Kunal Choudhary said: “Eruvaka has formed the basis for the exceptionally successful Skretting 360+ concept. We have been able to work with farmers to reduce uncertainty, provide peace of mind, increase productivity and reduce risk.”
The 360+ concept has been used by Skretting to help shrimp farmers in Latin America since 2018 and utilises Skretting’s existing AquaSim app that was originally developed for salmon and other fish species.
Carlos Miranda, managing director of Skretting LatAm, said that together with Skretting premium extruded diets and technical support, Eruvaka’s inclusion in 360+ enabled shrimp farmers to maximise their results and improve their production performance, considerably increasing growth and survival, and reducing the average feed conversion ratio and cost by 26%.
“We are proud of supporting our farmers and the market growth in LatAm in this way and are committed to continuing this journey with our customers to pursue continuous improvement of efficiency and sustainability through innovation and digitalisation,” added Miranda.
Since 2019, Nutreco has made more than 10 investments across Asia, Latin America, Australia, Europe and the US, reflecting its ongoing commitment to support innovative new technologies that advance sustainability across the feed-to-farm value chain.
Shrimp research facility
In March last year it announced that was was spending US $6.1 million to build a shrimp research facility in Ecuador to complement the Skretting Aquaculture Research Centre (ARC) network.
Other investments include paying £1.65 million for a stake in Norwegian on-land salmon farmer Andfjord Salmon, which stocked its first smolts at the weekend.
Under the feed agreement, Skretting will supply a feed tailored to Andfjord Salmon’s flow-through technology to ensure optimal water quality, fish welfare and growth conditions in the tanks.