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Maritech Systems AS Acquires WiseDynamics Ltd

  • Transaction significantly enhances Maritech’s globally established seafood software presence for its international client base, both in Norway and abroad.
  • The acquisition provides substantial opportunities for WiseDynamics to expand its product flexibility and offerings.
  • All software systems developed and marketed by either party will continue to be supported and enhanced with ongoing future releases.
  • The acquisition became effective on November 17th, 2015.

Wednesday, November the 18th, 2015

Maritech Systems AS is pleased to announce today that they have entered into a definitive merger agreement under which Maritech Systems AS will acquire WiseDynamics Ltd. The Boards of Directors of both companies have unanimously approved the merger, effective as of November 17th, 2015.

The Maritech-WiseDynamics amalgamation is an excellent strategic fit, presenting a unique opportunity for both parties to pool their considerable seafood software development and delivery strength and expertise, which spans decades of experience working within the seafood industry.  The two companies have highly compatible portfolios and geographies, with particular strength in Norway, the United States, and Canada.

"The acquisition of WiseDynamics demonstrates our commitment to have a local presence in the geographies where our increasingly globally-based customers are positioned,” said Arne Lie Gundersen, CEO of Maritech Systems AS. “We are delighted to be working with the WiseDynamics team to enhance our ability to extend our services from within a North American base.”

About Maritech Systems AS

Maritech Systems AS – key supplier of seafood software systems with nearly 40 years of seafood industry focus - is recognized as a leading partner in developing end-to-end traceability and business software for many of the largest and most prominent seafood organizations in the industry, providing them with the tools and resources they need to increase profitability and streamline business processes while keeping pace with an increasingly demanding regulatory environment.

About WiseDynamics Ltd.

WiseDynamics is the North American developer of WiseFish. WiseFish is sold around the world by WiseDynamics Ltd. in North America and Wise Ehf. in Iceland, both formerly wholly owned subsidiaries of AKVA group. AKVA group, with its four main brands of aquaculture products, is now the world's most recognized brand of aquaculture technology and is a publicly traded company on the Oslo stock exchange.

According to Blair Shelton, Managing Director of WiseDynamics, based in Halifax, NS, Canada, “In recent years, the WiseFish NA product has been uniquely adapted for the needs of the North American market and has taken on its own product roadmap and development path to suit this focus. WiseFish also has a world version which will continue to be developed and marketed by Wise Ehf, based in Iceland. The North American product, developed and marketed by WiseDynamics, will be rebranded under the Maritech acquisition but will continue with the same clear concentration on meeting the unique IT needs of its seafood partners and clients.”

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