Extreme weather makes EQT believe in huge StormGeo growth
Private equity fund EQT has acquired a majority stake in Norwegian weather giant StormGeo, a company that supplies services for the shipping and offshore industry. Extreme weather conditions leads to confidence in annual growth rates of up to 17 percent.
BY KATRINE GRØNVALD RAUN
Norwegian weather giant StormGeo has entered an agreement with Swedish equity fund EQT, which has now become the majority stakeholder with 57.5 percent of the shares in the company. And the new owner has great ambitions, Jannik Kruse Pedersen, partner and investment advisor at EQT, tells ShippingWatch.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
DMI: We accept the Weathernews challenge
For subscribers
DMI is confidently competing for the Arctic
For subscribers
