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Stormgeo-owner wants to drive consolidation in route systems for shipping

Tech firm Stormgeo, with EQT as majority shareholder, wants to drive consolidation in the field of IT solutions for weather forecasts, route planning and optimization of elements such as ships' fuel consumption, EQT tells ShippingWatch.

Stormgeo CEO Søren Andersen | Photo: Finnlines

Equity fund EQT wants to use tech firm Stormgeo as a front runner in consolidation in the field of intelligent systems for weather forecasts, route planning and fleet optimization.

"This is an industry that calls for consolidation. Stormgeo has already acquired a series of companies during our ownership tenure, and these companies have been well integrated. There's a lot more one can do, and we see Stormgeo as the natural platform for consolidation here," says Rikke Kjær Nielsen, partner at EQT Partners.

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