THursday, November 10, 2016
AMIRIX to acquire Hydroacoustic Technology, Inc.
FOR IMMEDIATE RELEASE
AMIRIX to Acquire Hydroacoustic Technology, Inc.
November 10, 2016 – Seattle, WA. AMIRIX Systems Inc. (AMIRIX) of Halifax, Nova Scotia, Canada and Hydroacoustic Technology, Inc (HTI) of Seattle, Washington are pleased to announce that they have entered into an agreement for AMIRIX to acquire HTI. HTI will operate as a new business unit under the name HTI-Vemco USA, Inc. alongside the VEMCO business unit of AMIRIX to create a comprehensive provider of acoustic products, tools and services for aquatic animal monitoring.
“This is an important move into the future for aquatic research,” says Tracey Steig, General Manager of HTI. “As one, we will be positioned to further advance aquatic technology and expand with the growing needs of our customers.”
“As industry leaders in our respective and closely related market spaces, VEMCO and HTI are a natural fit,” explains Mark Jollymore, President and CEO of AMIRIX. “We are excited about the possibilities and opportunities that combining these two world-class organizations creates. We look forward to further advancing and expanding our products and services into the future.”
VEMCO and HTI will continue to operate as separate business units under AMIRIX and will collaborate to develop the next generation of products and services for fish research.
Established in 1988, HTI is a pioneer and industry leader in the provision of products and services for active hydroacoustic systems and acoustic telemetry systems for tracking and monitoring fish in particularly challenging environments such as those found near hydropower dams and fish passage systems. HTI’s expertise also extends to consulting services from training to study design through data analysis and preparation of final reports.
Established in 1979, VEMCO is a pioneer and industry leader in the design and manufacture of acoustic telemetry products used by researchers worldwide to study behavior and migration patterns, particularly on large geographical scales, of a wide variety of aquatic animals from salmon smolts to great white sharks, whales and more.
For more information, please contact:
General Manager, HTI-Vemco
President & CEO, AMIRIX