DTN Signs Agreement to Acquire Weather Decision Technologies
by Steve Miller, on Oct 8, 2018 8:59:24 AM
FOR IMMEDIATE RELEASE
Acquisition builds upon DTN’s significant meteorological expertise and insights and further supports customers’ weather-based decisions
MINNEAPOLIS (October 8, 2018) – DTN, an independent source of insights, analysis and decision-support solutions, announced today that it has signed a definitive agreement to acquire Weather Decision Technologies, Inc. (WDT). The acquisition further solidifies and enhances DTN’s weather technology platform and supports the company’s commitment to providing the highest quality and most accurate weather forecasts and insights. The transaction is expected to close following completion of customary closing conditions.
DTN’s weather forecasts have consistently been ranked most accurate by independent sources and the company is committed to continually enhancing its weather solutions and insights. Adding WDT to DTN brings together expert meteorological teams and industry-leading technology platforms that will deliver actionable insights to support weather-based decisions.
“Bringing together DTN’s weather division with WDT’s operations will allow us to provide even more impactful weather information, insights and solutions to customers who depend on our services every day to mitigate risk, improve safety and sustainability, and optimize operational and financial performance,” said DTN Chief Science Officer Ron Sznaider. “We are excited by the opportunity to enhance DTN’s weather expertise and expand our reach into new markets through this acquisition.”
WDT serves the offshore, live events, energy, agriculture, healthcare, retail and supplier, and data science industries. Headquartered in Norman, Oklahoma, WDT employs more than 80 colleagues, including more than 40 degreed meteorologists. DTN is based in Minneapolis, with 18 offices globally that serve more than two million customers across its business portfolio. DTN focuses on empowering agriculture, energy, commodities, financial analytics and weather-sensitive marketplaces through continuous, leading-edge innovation.
“WDT’s mission is to help customers make the very best weather-related decisions. By bringing together the two leading commercial weather companies, we will create an industry-leading and highly scalable platform that combines accurate science with advanced technology,” said WDT Chief Executive Officer Mike Eilts. “This will uniquely enable us to provide accurate weather forecasts and analytics-based decision-support tools that improve our customers’ operations.”
The WDT acquisition represents another weather-centric acquisition DTN has made in the last 12 months. “DTN is the independent, trusted source of solutions to our weather-sensitive customers in the energy, agriculture and transportation marketplaces,” said Tom Dilworth, DTN chief financial officer. “We are committed to driving innovation into our global weather offerings and providing our customers with best-in-class solutions that support their businesses. This acquisition underscores that commitment and enables us to continue providing quality solutions across marketplaces.”
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DTN is the independent, trusted source of actionable insights for two million customers focused on feeding, protecting and fueling the world. Customer-focused and employee-driven, DTN focuses on empowering customers worldwide with decision-support solutions in agriculture, energy, commodity and financial analytics, and weather-sensitive industries through continuous, leading-edge innovation. DTN is based in Minneapolis with offices globally.
About WDT, Inc.
Headquartered in Norman, Oklahoma, WDT provides organizations with actionable weather analytics and decision support. The company helps clients leverage weather information for profit and safety globally. Hazardous weather detection, prediction, and decision analytics are available via APIs and GIS layers, as well as WDT’s leading risk mitigation SaaS platform, WeatherOps®. WDT takes business continuity activities to the next level by assigning expert meteorologists to monitor global assets and provide live, one-on-one consulting before and during severe weather situations.
Krysta Larson, DTN