Premium: DigitalGlobe wraps up merger with GeoEye

By on 5 February, 2013


DigitalGlobe Inc. and GeoEye Inc., two major commercial providers of imagery and geospatial solutions, completed an estimated US$900 million merger, creating a new entity with a market capitalisation near US$2 billion. The merger, approved by both companies’ boards in July 2012, underwent a good dose of federal scrutiny before final government approval in January 2013.

On Sept. 21, 2012, the U.S. Department of Justice (DOJ) requested additional information, as part of a “Second Request,” from the two companies. And the merger required regulatory approval from the Federal Communications Commission as well as the National Oceanic and Atmospheric Administration.

The new company, led from DigitalGlobe’s existing headquarters at Longmont, Colo., retains the name of DigitalGlobe and will continue to trade on the NYSE under the symbol “DGI.”

“With a stronger financial profile, more-robust suite of services, and among the world’s most advanced geospatial production and analysis capabilities, we will be even better positioned to meet customers’ needs and create value for shareowners,” said Jeffrey R. Tarr, president and CEO of DigitalGlobe.

You may also like to read:

, , , , , , ,


Sign up now to stay up to date about all the news from Spatial Source. You will get a newsletter every week with the latest news.

How spatial data saves time and money
MetroMap gives access to super high-resolution and accurate ...
Bennett and Bennett expands service capabilities
Bennett and Bennett selects NavVis VLX mobile scanning and d...
Q&A with FIG President, Rudolf Staiger
Staiger reflects on his four years at the helm of FIG and th...
CASA releases RPAS roadmap for the next decade
The roadmap sets out the Authority’s intended approach to ...
OGC joins new Metaverse Standards Forum
The Forum aims to foster open standards collaboration betwee...