Divestments

StormGeo

StormGeo is a leading global provider of software-based decision support for weather sensitive operations.

The company has pioneered weather-centric services for multiple industry verticals, including shipping, oil & gas and renewables, and today has 24 offices in 15 countries and 515 employees.

  • Sector
    TMT
  • Country
    Norway
  • Fund
    EQT Mid Market
  • Entry
    2014
  • Exit
    2021

StormGeo was established in Bergen, Norway, in 1997 as a spin-off from Norways national broadcasting channel TV2.

The company offers, among many other services, weather optimised route advise and post-voyage calculations to the shipping industry to reduce fuel consumption and increase safety to multiple end-industries, including shipping, renewables, oil & gas, and onshore industries such as healthcare, hospitality and retail. StormGeo delivers point specific forecasts coupled with asset specifics to minimize downtime and ensure safety for assets and personnel as well as services to monitor potential oil leakages and real-time predict proliferation (direction and speed).

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