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New Deal


Announced

Completed

DTN completed the acquisition of a 75% stake in Weatherzone from Nine Entertainment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Majority

information services

Completed

Australia

weather information

Private

Acquisition

Single Bidder

Friendly

Synopsis

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DTN, a provider of information and business intelligence services, completed the acquisition of a 75% stake in Weatherzone from Nine Entertainment. Financial terms were not disclosed. Weatherzone is a commercial provider of meteorological services in Australia, and specialises in providing services to weather-dependent businesses such as aviation, mining and transportation. “We are pleased to have successfully completed a deal with DTN for the sale of Nine’s 75% holding in Weatherzone. This is a mutually beneficial deal which sees us exiting a non-core business in order to focus on Nine’s portfolio of high-growth, digital, consumer-facing assets," Hugh Marks, Nine CEO.

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