BBC weather forecaster Meteo Group acquired by Swiss private equity company TBG AG
BBC weather forecaster Meteo Group has been bought by Swiss private equity company TBG AG.
The agency has the largest private weather measurement network in Europe, and offers solutions for industries including shipping, transport, media, energy and insurance.
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Year-to-date bookings grew by 25 per cent in August compared to the same period the previous year and large enterprise sales increased 41 per cent year-on-year, the UK-headquartered company said.
In March 2014, Meteo Group was bought from Press Association by General Atlantic and has since expanded to span 18 countries.
“We welcome the new owner who has significant experience in meteorological intelligence. The proposed acquisition will enable Meteo Group to deliver on its strategy and capitalise on a vast global market opportunity,” said Donat Rétif, chief executive officer of Meteo Group.
“Our investment to date in meteorological expertise and best-in-class technology is already helping major businesses to drive efficiencies, mitigate risks and improve decision making.
"With support of the new owner, we can accelerate our commercial expansion and capitalise on the vast market opportunity.”
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