StormGeo takes full ownership of Brazilian meteorological service firm
Norwegian weather intelligence specialist StormGeo has taken over the remaining stake of Brazil-based weather forecast specialist Climatempo.
StormGeo, a part of Alfa Laval, first took the initial 51% stake in Climatempo back in 2019. In 2023, the Bergen-based firm bought a further 38.66%, increasing its ownership to 89.66%. This latest transaction makes StormGeo the full owner of the Brazilian firm.
According to StormGeo, the takeover will increase its footprint in the South American market and provide advanced services to the Brazilian customer base. Furthermore, Climatempo, as part of StormGeo, will continue to operate under its original brand name in Brazil.
“This is an exciting and logical next step in our association with Climatempo and an important move towards becoming a market-leading technology provider for weather-sensitive industries in Latin America,” said Kim Sørensen, StormGeo CEO.
