ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Hapag-Lloyd upgrades its full-year forecast

Hapag-Lloyd upgrades its full-year forecast for 2021, as the container carrier's operating result increased by close to USD 3 billion in the first half of the year, according to preliminary figures released Friday.

Port congestion and sky-rocketing freight rates hit Barbie

The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.

Further reading

Related articles

Trial banner

Latest news

See all jobs