StormGeo extends Latin American weather intelligence reach

StormGeo has increased its holding in Climatempo, the premier meteorological services provider in Brazil, from 51% to 89.66%. Increasing the shareholding in Climatempo will enable StormGeo to better serve its customers in Brazil and neighboring countries with its solutions for weather intelligence and operational decision support, broadening the company’s network and market across Latin America. 

In conjunction with the ownership change, Patricia Madeira, the current COO, will take over as CEO of Climatempo Group on 1 May 2023, ensuring seamless continuity, while the founder and president, Magno Nascimento, will remain an influential board member of the company.

“Our ownership in Climatempo has facilitated the integration and advancement of weather-related technological know-how, empowering us to deliver innovative and more customer-centric solutions,” says Søren Andersen, CEO of StormGeo. “Our collaboration has already yielded impressive results, and we are excited about the continued growth opportunities not only in Brazil but throughout Latin America.”

“Our further investment in Climatempo gives us momentum to grow and move forward with a wide range of B2B solutions and services across multiple industries in South America,” says Søren. “This engagement will further allow StormGeo to expand its capabilities and provide customers with even more advanced, accurate, and localized weather intelligence solutions.