The roughly $84 million deal for Elecnor S.A.’s Deimos Imaging is expected to close by Aug. 21, pending regulatory review. DOT-Deimos owns and operates two satellites, which would help UrtheCast expand its capacity to capture and transmit space imagery.
“This is an incredible acquisition that epitomizes technological and operational synergy,” UrtheCast CEO Scott Larson said in announcing the satellites’ acquisition June 22. “By adding these satellites to our suite of sensors available via our Web platform … UrtheCast is rapidly accelerating its mission to democratize Earth Observation imagery and bring a unique dataset and distribution model to customers and users.”
Elecnor has been producing imagery since launching its Deimos-1 in 2009. UrtheCast has two cameras attached to ISS.
Said Deimos chief Fabrizio Pirondini: “This is a superb opportunity for all involved, and opens up a world of possibilities for our respective sales teams. The sale of EO data and value-added services is at the core of our operations.”