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Sale Of Bennex Aqua Division

The Aquaculture division of Bennex has been sold to two Norwegian companies and forms the first part of a new aquaculture technology group to be branded Mohn Aqua.

The company will establish operations in all major salmon farming markets. From the existing base in Forres, Scotland, Mohn Aqua manufactures underwater camera, control systems and water quality monitoring technology for marine cage farms. The company also continues to work in partnership with Airmar Technology (seal and sea lion deterrent systems) globally and with VAKI (counting, grading and biomass estimation systems) in the UK and Ireland. The Aquaculture division of Bennex has been acquired by two Bergen, Norway based companies – ROV manufacturer Argus Remote Systems AS and offshore services company Mohn Drilling AS.

Mohn Aqua will continue to provide support for all Bennex Aquaculture products sold over the last few years and will honour any warranties, contracts or support agreements that are in place.

Chris Hyde, Managing Director said “We are very pleased that the acquisition of Bennex Aquaculture has been completed. Our new owners bring a wealth of offshore technology and experience into our operation and we are very excited about what the future as the Mohn Aqua Group holds for us.”

Stein Mohn, Chairman of the Board of Mohn Aqua Group said “We are delighted to have acquired the business of Bennex Aqua. The aquaculture industry represents a huge opportunity for us and for the technology we can provide. We are also very pleased that Chris Hyde and his team are with us going forward.”

For more information please contact:
Chris Hyde, Managing Director Mohn Aqua
Phone: +44 7802492541 e-mail: chris.hyde@mohnaqua.com
Stein Mohn, Chairman Mohn Aqua Group e-mail: stein@mohndrilling.no
Phone: +47 907 65 014.

About Bennex Group
Bennex (www.bennex.com) supplies products and tailor-made solutions in the fields of subsea distribution, seismic equipment, ROVs and oceanology. Bennex has 160 employees in Bergen, Kongsberg, Aberdeen and Houston where we conduct world wide operations for our customers. Bennex has supplied sealing and termination technology for more than 35 years. Bennex is a part of Subsea Technology Group (STG), a corporation with 480 employees including 330 engineers who deliver products and service to the global oil & gas industry. STG is owned by HitecVision and consists of Bennex Group, Poseidon Group, Ross Offshore and Altra Energy.

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