Norway-based risk manager Det Norske Veritas joins the investment unit of local media group TV2 Gruppen backing the Norway-based weather services manager.
Norway-based risk manager Det Norske Veritas [DNV] has backed Norway-based weather services company StormGeo, as part of a strategic partnership.
DNV has taken a 22.7 % stake in the business. Private equity firm Reiten & Co holds 51%. Other shareholders are businessmen Siri Kalvig and Erik Langaker as well as TV2 Invest, the investment unit of media group TV2 Gruppen, and management.
Henrik Madsen, the chief executive of DNV, said: "Both organisations value research, innovation and technical competence, and we look…
