Weather intelligence software provider StormGeo has acquired 100 percent ownership of Brazil-based meteorological service provider Climatempo.
StormGeo first took an initial 51 percent stake in the Climatempo Group in 2019. In 2023, a further 38.66 percent was secured, marking an 89.66 percent ownership.
This takeover sees StormGeo increasing its footprint in the South American market, providing advanced services to the Brazilian customer base. StormGeo ceo Kim Sørensen added: “This is an exciting and logical next step in our association with Climatempo and an important move towards becoming a market-leading technology provider for weather-sensitive industries in Latin America.”
Climatempo will continue to operate under its original brand name in Brazil until further notice.
Patricia Madeira, ceo at Climatempo, said: “We have seen remarkable growth opportunities following our association with StormGeo, and we are excited to finally become fully integrated with our digitally strong and technologically innovative parent company. By combining Climatempo’s local knowledge and strong client relationships with StormGeo’s portfolio we can provide our clients with even stronger product offerings and services.”
