Today the Meteorological Service of New Zealand (MetService) acquired the final 51% of shares in MetOcean Solutions to become 100% owner. The acquisition is the result of more than four years of collaboration and planning, notes Managing Director Dr Peter McComb. ”This is the start of an exciting new phase for ocean science in New Zealand and the South Pacific,” he says. “For the first time, our country will have a cohesive national operational oceanographic capability. New Zealand is custodian of the 4th largest marine estate on the planet and that comes with a broad responsibility. The MetOcean Solutions science team has been building the expertise and resources to meet that need for the last 10 years, and now we are delighted the investment by MetService will allow the country and indeed the wider South Pacific region to realise those benefits. This means improved forecasting of waves, coastal currents, ocean temperature, storm surge and hazardous situations. Also, a rapid and reliable marine response capability in disaster situations like the MV Rena grounding will now be possible.”
CEO of MetService, Peter Lennox adds, ”The benefits go beyond national marine safety improvements; we see a future where exceptional weather services developed for our geography are exported to the world. The technologies developed by MetOcean Solutions are already well respected in overseas markets and with full partnership, the two organisations can more effectively leverage each other's strengths and bring the unique value of our Powerful Weather Intelligence to commercial opportunities worldwide.”
MetOcean Solutions will continue to operate as a separate trading entity, maintaining the strong R&D pedigree of the past decade and adhering to its core principles of scientific integrity and technical elegance along with the ethos of ‘collaboration for success’.