Canada: UrtheCast and Elecnor S.A. have entered into a definitive agreement to acquire the Earth Observation business, Deimos. UrtheCast will soon acquire Deimos ownership, operation of the Deimos-1 and Deimos-2 satellites, and the Deimos global archive of Earth imagery. The acquisition is expected to allow UrtheCast to accelerate its own strategy — achieved through the use of Deimos’ imagery archive on UrtheCast’s web platform, distributing fresh imagery through UrtheCast’s established distribution channels, customers and web platform, leveraging each company’s established relationships and building upon each other’s infrastructure.
Source: UrtheCast
