Weather service provider StormGeo has acquired all the outstanding shares in energy analysts Nena.
StormGeo said the deal complements its own offering to “propel the company into a leading position of production forecasts and price prognoses for the power markets”.
Nena chief executive officer Christian Sjodin (pictured, right) said: “Nena, together with StormGeo, will meet new market needs and expand offerings to further enhance customer value.”
StormGeo vice president of renewable energy Jostein Maelan (pictured, left) said: “We have always acknowledged the quality of the market analysis from Nena.
“Together we will develop new energy market insight and couple outstanding market analytics with unlimited weather accessibility.”
StormGeo is based in Bergen in Norway, while Nena is headquartered in the Norwegian capital Oslo.
Image: StormGeo
