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 a world-leading 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.
DNV and StormGeo will co-operate to continue developing world-leading risk assessment and efficiency programs for all types of entities operating in rough climates. By coordinating best practice meteorology solutions and products with unique understanding of the performance of each individual entity, StormGeo will allow customers to optimize their operational economics without sacrificing the ultimate focus on safety.