StormGeo started in 1997 as Storm Weather Center, a spin-off of Norway’s largest commercial broadcaster, TV2. Meteorologist Siri Kalvig saw an opportunity to offer customized weather services to other industries, and she began a venture in collaboration with TV2. In 1998, StormGeo created their first weather service for the growing hydroelectric power industry. They also reached into a broader oil and gas energy market. StormGeo has offices in the US, UK, UAE, Norway, Sweden, Netherlands, Greece, Azerbaijan, Germany, Hong Kong, Oman, Brazil, Denmark, South Korea, China, Singapore, Taiwan, Japan and Lithuania. In 2018, StormGeo was selected as a participant in the UN Global Compact, committing to ocean sustainability as a contributor to the Action Platform for Sustainable Ocean Business.
Acquisitions
In 2011, StormGeo expanded its operation into the Middle East with the acquisition of the Dubai-based weather forecasting company Met Consultancy FZ LLC. Met Consultancy was the largest commercial weather technology company in the Middle East and was founded in 2004 by Daniel Mathew. The following year in 2012, the Houston-based ImpactWeather Inc. became a part of StormGeo. ImpactWeather was a leading provider of weather monitoring, forecasting and alerting for offshore and onshore corporate businesses in the US. In 2014, StormGeo acquired Applied Weather Technology, Inc. headquartered in Silicon Valley, California. AWT is a provider and weather and route forecasting for the shipping industry with offices in North America, Europe and Asia. In 2016, StormGeo acquired Nena Analysis, an analysis house that delivers energy market insights, such as price prognoses and market analysis to major utilities and trading entities. This acquisition allowed these analyses to include weather data as a fundamental input component. In 2018, StormGeo acquired Nautisk, a global supplier of maritime charts and publications to the merchant marine. The acquisition made StormGeo the first to integrate routing and weather services with charts and publications solutions. In February 2019, StormGeo acquired 51% of Grupo Climatempo, the leader in meteorological services in Brazil. This addition positioned StormGeo to expand further into Brazil, as well as across all of Latin America.
Shareholders
The majority shareholders of StormGeo are EQT and DNV GL, holding 56.2% and 26.4% of the shares respectively.
