Announced
Completed
Financials
Sources
Tags
IT Services: Other
Majority
information services
Completed
Australia
weather information
Private
Acquisition
Single Bidder
Friendly
Synopsis
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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