Merger increases company sustainability, investment in innovation and commitment to customers globally.
DTN, an independent source of insights, analysis and decision-support solutions, recently announced that the European weather company MeteoGroup is being integrated into the company. The joint company will soon be rebranded as DTN and establish a DTN European headquarters in Utrecht, Netherlands.
“Demand has increased significantly from large multinational enterprises who need a technology-focused and innovative company to provide global weather insights and advanced data analytics,” said Steve Matthesen, DTN Chief Executive Officer. “Businesses around the world recognize how critical accurate, reliable and hyperlocal weather information is to mitigating risk, improving safety and sustainability and optimizing performance.”
Matthesen pointed to several factors for the increased demand in weather services, such as climate change, increasing weather volatility, more on-demand businesses and more businesses with a global presence which make companies and people more vulnerable to weather impacts.
MeteoGroup’s integration increases DTN’s weather expertise to 200 meteorologists working in weather rooms across the world. The addition of more than 10,000 weather observation stations creates the largest network of private weather observations worldwide, ensuring forecast accuracy to help customers operate more efficiently and mitigate weather risks.
“This is fantastic news for our company and our customers,” said Marc Chesover, former MeteoGroup Chief Executive Officer and current President of Europe, DTN. “Joining DTN allows us to significantly expand our weather network, analytics and expertise globally. That means our customers have access to mission critical weather decision-support solutions at any time in any part of the world.”
Last year, MeteoGroup reported a 25% increase in demand for enterprise weather solutions and as much as 67% in specific industries. Combined, DTN provides weather solutions for many industries including agriculture, aviation, mining, offshore energy, shipping, media, transportation, and utilities, as well as leading mobile apps for consumers and businesses.
“Weather data is informative, but only useful if you have the right insights combined with advanced technology to make important weather decisions,” said Chesover. “By becoming part of DTN, we can continue growing a global organization that delivers proprietary best-in-class weather forecasts, patented alerting solutions, weather-based insights, and risk management tools for our customers around the world.