StockMarketWire.com - Benchmark said Wednesday it had agreed to acquire Videntis AS, a provider of data technology to aquaculture and agriculture producers, for total of up to £0.30m.
Videntis' technology enabled producers to have real-time data and feedback on feed efficiency, welfare and product quality, supporting Benchmark's strategy of bringing together technology and biology to improve yield, quality and profitability for its customers.
Under the terms of the agreement, Benchmark paid an initial amount of £0.15m to acquire Videntis.
'We have worked with Videntis for a number of years. Videntis' IP and expertise support our strategy of combining biology and technology to benefit our customers. Data technology is an increasingly important tool to maximise yield and to manage biological challenges. Combined with Benchmark's products it allows us to offer an integrated solution to our clients,' said Malcolm Pye, Chief Executive of Benchmark
At 8:42am: [LON:BMK] Benchmark Holdings Plc share price was +0.5p at 60.5p
Story provided by StockMarketWire.com
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