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Market Watch November 25, 2019

MeteoGroup, DTN Join to Build Largest Private Weather Company

By DTN

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.”

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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.

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