Maxar Technologies has announced its intent to exercise its call option to take full ownership of 3D data and analytics firm Vricon, for approximately $140 million.
Vricon provides satellite-derived 3D data for defense and intelligence markets, with software and products that enhance 3D mapping, Earth intelligence data, military simulation and training and precision-guided munitions, according to a statement by Maxar.
Vricon was formed as a joint venture between Maxar and Saab in 2015 to combine patented Saab IP with Maxar commercial satellite imagery, says Maxar.
Maxar intends to appoint Gilman Louie, chairman of Vricon’s board of directors, to the Maxar board once the transaction closes, says Maxar.
[Image courtesy: Maxar]