ShippingWatch

From private equity to Alfa Laval: StormGeo CEO sees one big change in particular

A year has passed since StormGeo went from being owned by a private equity firm to getting a commercial business as its owner. One aspect in particular has changed for StormGeo, the CEO tells ShippingWatch.

Photo: Stormgeo

About a year has passed since Alfa Laval bought StormGeo from the private equity fund EQT, and if you ask CEO Søren Andersen, there is a significant difference with the new owner on board.

The tech company, which amongst other things develops systems for weather forecasting for the shipping industry, is currently working on ways of integrating its services with its mother company’s services. It was in May last year that the acquisition was announced with a price tag of about NOK 3.6bn, which corresponded to NOK 2.7bn at the time.

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