Published: 10 May 2021 10 May 2021
StormGeo, a provider of weather intelligence software and decision support services, is announcing that Alfa Laval will acquire StormGeo. Alfa Laval is headquartered in Lund, Sweden and is listed on the Swedish stock exchange.
The company, with 16,700 employees, serves the Food & Water, Energy and Marine industries. StormGeo provides weather-centric services to more than 2,200 customers globally in a variety of industries, including shipping, energy and onshore industries. The purchase price amounts to approximately MNOK 3,630 on a debt and cash free basis. Closing is expected during Q2 2021, subject to customary conditions. StormGeo will become part of Alfa Laval’s Marine Business Division.