In-Situ Inc. Announces Divestiture of PR Aqua Supplies Ltd.

FORT COLLINS, Colo.--(BUSINESS WIRE)--

In-Situ^® Inc. announced today that it has finalized the divestiture of PR Aqua Supplies Ltd. to Pentair plc PNR. PR Aqua Supplies Ltd. is a leading aquaculture solutions provider based in Nanaimo, BC, Canada. PR Aqua designs and integrates comprehensive systems for water treatment for fish handling in the public and private sectors on a worldwide basis.

“The divestiture of PR Aqua will allow In-Situ Inc. to focus on its core technologies and vertical markets including both Pond and Farm Aquaculture Solutions and Environmental Monitoring Solutions. This strategy also positions PR Aqua for continued future success with their new partners,” said John Pawlikowski, President and Chief Executive Officer of In-Situ Inc.

“PR Aqua's diverse engineering, equipment, and manufacturing knowledge has allowed their clients to achieve industry-leading efficiencies and productivity from intensive aquaculture production. Pentair will be a strong strategic partner to nurture the success that we have had while providing a secure future for the organization,” said KC Hosler, Managing Director of PR Aqua.

EuroConsult acted as exclusive advisor to In-Situ Inc. on this transaction.

ABOUT IN-SITU INC.

In-Situ Inc. designs, manufactures, distributes, and rents environmental and aquaculture monitoring systems. For over 40 years, In-Situ has provided water monitoring markets with innovative solutions. From aquaculture management to aquifer characterization, In-Situ products provide accurate results and reliable operation even in harsh conditions. In-Situ offers world-class technical support 24 hours a day, 7 days a week through its global network of regional offices and distributors. In-Situ Inc.'s headquarters are located in Fort Collins, Colo., USA. Please visit www.in-situ.com or call 1-800-446-7488 or 970-498-1500.

ABOUT PR AQUA SUPPLIES LTD.

PR Aqua has been an industry leader in aquaculture for over 25 years and specializes in water treatment for fish handling solutions for the public sector, private enterprise, and research institutions around the globe. PR Aqua develops culture systems, influent treatment systems, and effluent management solutions for aquaculture facilities. PR Aqua provides a full spectrum of specialty design services extending from project conception to construction completion and commissioning. From research facilities to hatcheries and growout operations, PR Aqua is the most comprehensive solution provider in the aquaculture industry.