Novo Holdings Lands Majority Stake of Aquaculture Tech Firm Stingray Marine Solutions
Novo Holdings, a massive investment company, has agreed to acquire a majority stake in Stingray Marine Solutions, a Norwegian aquaculture technology firm.
Stingray was founded in 2012 and is headquartered in Oslo. It specializes in aquaculture technology aimed at improving the sustainability of farmed salmon production. The company’s staple product, the Stingray system, uses camera vision, advanced proprietary software, and laser technology to remove sea lice from fish in a humane and efficient manner.
Sea lice are a primary headwind for the salmon farming...
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