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Business/Financial

Maxar To Acquire Full Stake In Satellite 3D Imagery Company Vricon

By Cal Biesecker

Wednesday, June 24th, 2020

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Maxar To Acquire Full Stake In Satellite 3D Imagery Company Vricon

3D image of Pyongyang North Korea provided by Vricon. Photo: Vricon.

Maxar Technologies [MAXR] on Tuesday evening said it has agreed to acquire Saab’s share of two companies’ Vricon joint venture, a $140 million cash deal that will allow it to better integrate Vricon’s 3D imagery capabilities with Maxar’s solutions to improve its competitive posture, penetrate new markets and accelerate “go-to-market” plans with enhanced offerings. Maxar said it plans to exercise its call option on Thursday to take control of Vricon with the transaction expected to close in July. Vricon, which…

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