Novo to acquire a majority stake in Stingray Marine Solutions.

Novo, a holding and investment company, agreed to acquire a majority stake in Stingray Marine Solutions, an aquaculture technology company that provides advanced solutions for a more sustainable fish farming industry. Financial terms were not disclosed. "We're pleased to invest in a company that not only offers an innovative aquamarine technology solution to address industry needs but also places sustainability at the forefront of its approach – a pressing factor in the marine and aquaculture industries. The Company delivers substantial value for its customers and shows great potential for further growth, with opportunities to expand into new areas of data and analytics and precision farming. Stingray's solid business model positions them well for long-term success. The leadership team has demonstrated impressive vision and expertise, which further reinforces our confidence in the company's future," Cynthia Kueppers, Novo Partner, Planetary Health Investments.