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DNV GL takes 24% ownership in expanded StormGeo

StormGeo, a global provider of weather and asset risk management for the offshore, shipping, renewable, aviation and media sectors, has acquired Applied Weather Technology (AWT). This acquisition gives StormGeo a world leading position within decision support for weather sensitive operations in the shipping and offshore industries. DNV GL has converted loans and invested an additional NOK 50 mill to secure 24 % ownership in the new company.

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