#Insurtech #Exit at @AXAVentures - Weathernews Inc. Acquires Metnext Entering Environmental Weather Market - Startup 365

Weathernews Inc. Acquires Metnext Entering Environmental Weather Market

Posted on 17 January 2017 by 862global

Expanding Weathernews services to worldwide energy, retail, and
agriculture markets

CHIBA, Japan–(BUSINESS WIRE)–#agriculture—Weathernews
Inc. (Chiba, Japan; Chihito Kusabiraki/CEO; “Weathernews”)
(TOKYO:4825) announced that it had completed the acquisition of all
shares of Mextnet SA (Paris, France; Patrice Massat/CEO; “Metnext”), and
that the company had become its wholly-owned subsidiary today. Metnext
is a European leader in providing weather based analytics services and
decision making tools to help companies manage their activities at best
leveraging climate impact. Through the acquisition, the companies will
share their service know-how and infrastructure, and combining their
technology and expertise in an effort to develop new services for
customers in Asia, Europe, and other areas of the world.

The Background and Purpose of the Acquisition

Since its founding in 1986, Weathernews has provided weather risk
management support services mainly for the global transportation weather
markets (shipping, aviation, railway and road transportation).
Furthermore, the company is targeting energy, factory, retail and
agriculture markets as “environmental weather markets” for 2017 and will
engage in developing and offering its services globally. Metnext
provides services leveraging its own software solutions and technology
to the various sectors of the “environmental weather markets” such as :
Energy: energy production for gas, wind , solar, hydro; Retail,
Industry, Services: demand forecast to adjust production and logistics;
Agribusiness: delivery of high precision field based observations and
forecast to anticipate agri treatment. With the aim of providing
high-quality services to the global transportation and environmental
weather markets, the two companies will join their strengths to generate
the following synergies:

• Combining Weathernews’ strengths in mitigation and avoidance of
  everyday operational weather risks with Metnext’s technology and
  services for project design, operational planning and post-project
  evaluation based on weather risks will enable the provision of total
  support for corporate activities from the design and planning phase to
  everyday operation and maintenance, dealing with emergencies and
  post-project evaluation.
• Metnext’s Paris Office will serve a

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