AWT Shares Acquired by StormGeo
Applied Weather Technology, Inc. (AWT) announced the conclusion of an agreement with weather specialist company StormGeo under which the full shareholders stock in the company has been acquired by Norwegian based StormGeo A/S . Following the acquisition, AWT will continue to deliver its range of ship route advisory services and maritime weather and decision support software products under the AWT brand name to ship owners and operators worldwide. AWT Chairman and founding owner Jung Soo Kang describes the deal as a "friendly acquisition that is in the interests of both companies, their employees and customers." According to AWT CEO Haydn Jones…
DNV Enters Strategic Partnership with Norwegian StormGeo Group
Oslo/Bergen: DNV has, as part of a strategic partnership with StormGeo, acquired the right to purchase 22,6 % of StormGeo’s shares through a mutually convertible capital issue, putting their weight behind meteorology and risk assessment company. Bjørn K. Haugland, Chief Technology and Sustainability Officer of DNV Group will join the Board of Directors of StormGeo. The core focus of StormGeo will remain within the fields of oil exploration, renewable energy as well as shipping, media and aviation. Following strong growth since inception in 1998, StormGeo currently operates out of 12 offices in 9 countries. The agreement with DNV will effectively expand the potential footprint of StormGeo. DNV has operations and customers through 300 offices in more than 100 countries.
