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Alfa Laval buys StormGeo following bidding war

There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.

Rikke Kjær Nielsen, partner in EQT, informs ShippingWatch of multiple interested buyers for StormGeo. | Photo: Thomas Emil Sørensen/ERH
BY ,

Monday, tech company StormGeo announced that it is being acquired by Swedish Alfa Laval in a large-scale transaction.

The acquisition price is close to NOK 3.6 billion (USD 439 million), and the transaction results in StormGeo becoming part of Alfa Laval's maritime business, informs the tech company in a press release.

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