11/3/2022 0 Comments Weatherpro meteogroupMeteoGroup is Europe’s largest private sector weather business. General Atlantic was advised by Weil, Gotshal & Manges LLP, Ernst & Young LLP and L.E.K. MeteoGroup and PA Group were advised by Portico Capital Securities Limited and Taylor Wessing LLP on the transaction. The transaction is subject to regulatory approval. GA’s European team has invested in some of the leading UK headquartered international growth companies such as MeteoGroup, Markit, Hyperion and FNZ to help them become global market leaders.Īs a result of the transaction, John Bernstein, Managing Director of General Atlantic in Europe, and GA Vice President, Lucia Rigo will join the Board of MeteoGroup. It has $18 billion of capital under management and has more than 80 investment professionals globally. General Atlantic is a global growth equity firm which provides capital and strategic support to help build leading growth companies worldwide. The company has also developed WeatherPro, Europe’s leading paid-for weather app, and MeteoEarth, an app displaying live and forecast weather on a stunning 3D, interactive globe. MeteoGroup has a global customer base and operations in 11 European countries, the USA and Southeast Asia. Under the ownership of General Atlantic, MeteoGroup will have access to the additional skills, expertise and capital that will enable them to become a truly global force in the provision of weather services.” MeteoGroup is now the largest commercial weather business in Europe. We are impressed with the achievements of Jennie and her team and are excited to contribute our strategic support and long-term partnership approach to further MeteoGroup’s development and global expansion.”Ĭlive Marshall, CEO of PA Group, said: “Since our first investment in MeteoGroup in 2005, the business has enjoyed consistent double digit growth in both revenue and profits. MeteoGroup combines world-leading forecasting technology and products with a highly talented international management team. John Bernstein, Managing Director at General Atlantic, said: “MeteoGroup is another example of a fast growth European business with global reach, creating innovative new products and services in the weather data and forecasting industry. We are delighted to have them on board as we continue to deliver the next phase of growth, based on our core technology platform, delivering weather forecasts, support, monitoring and consultancy services 24 hours a day.” Jennie Campbell, CEO of MeteoGroup, said: “General Atlantic will be an excellent value-added partner for MeteoGroup given its strong track record in growth equity investing, unrivalled global reputation and expertise in the data industry. This cutting-edge forecasting is delivered to customers in corporate, industrial, media and consumer markets as tailored products and sophisticated decision support tools – not just informing the customer what the weather will do, but what it means for their business. It is a full-service weather business utilising global weather data, proprietary technologies and skilled meteorologists to create bespoke forecasts. One subscription covers Premium services on all weather apps by MeteoGroup: WeatherPro, MeteoEarth and AlertsPro.MeteoGroup, Europe’s leading weather data and forecasting business, is pleased to announce that global growth equity firm, General Atlantic LLC (“GA”), has signed an agreement to acquire MeteoGroup from PA Group.įounded in 1986, MeteoGroup is one of the major largest weather companies in the world with almost 400 employees. Precipitation type radar for Europe, radar forecasts, heat maps, lightning strikes, cloud cover forecasts, etc.Windtheme – optional interface focused on wind data.We also offer an optional premium service which is perfect for if you have specific weather interests, for sports, holidays or more: Additional features like: widget, webcams, weather photo, weather news etc.Global satellite and animated radar for the USA, Australia and much of Europe.Connection to Netatmo personal weather stations and the Apple Watch. Unlimited favourite locations synchronisable via iCloud.Worldwide alerts and warning levels for extreme weather.Comprehensive detail on temperature, wind direction/ speed, air pressure, precipitation amount/ probability, relative humidity, UV index, feels like temperature and more.Weather reports for 2 million worldwide locations.7-day forecast data in periods of 3 hours.These features are all brought to you by passionate weather professionals – hence the name WeatherPro! This reliable, award winning app, offers unrivalled, high-quality, detailed information, including Apple Watch support. WeatherPro has been created by MeteoGroup, Europe’s leading private weather company.
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