PE-backed MeteoGroup to buy The Weather Network's commercial unit
MeteoGroup has agreed to buy The Weather Network Commercial Services Division from Pelmorex Media Inc, a Canadian specialist in weather and travel information services. The deal's financial terms were not released. MeteoGroup, a European private weather data and decision support business, said the acquisition will give it more capabilities, including expertise in the transportation and energy sectors, as well as a strong presence in the Canadian market. MeteoGroup was acquired by U.S. private equity firm General Atlantic in March 2014. Oakville, Ontario-based Pelmorex is the parent of The Weather Network, MétéoMédia and related multi-media platforms.
2 October 2015•3 mins read
