StormGeo, a world-leading provider of weather intelligence and decision support services, has acquired Nautisk, a leading global supplier of maritime charts and publications to the merchant marine from NHST Media Group
The combination allows StormGeo to be the first to integrate market-leading routing and weather services with state-of-the-art charts and publications solutions.
According to Per-Olof Schroeder, CEO of StormGeo, "The acquisition of Nautisk is a natural complement to our existing solutions to the global shipping industry. In recent years, Nautisk has developed state-of-the-art software for use in planning and navigation, while maintaining one of the industry's best run operations for delivering paper charts and publications to vessels worldwide. The power of the combined StormGeo-Nautisk solution will directly benefit customers as we advance our vision as a premier shipping services player. We are proud to lead the industry in creating the first, fully-integrated navigational planning solution in the market."
The transaction will close within the next month or as soon as practical, pending the fulfilment of certain standard conditions for completion. Financial details of the transaction are not disclosed.
Aabø-Evensen & Co has acted as legal advisor to StormGeo in connection with the acquisition.