M&A Deal Summary

Planet Acquires Salo Sciences

On January 9, 2023, Planet acquired environmental company Salo Sciences

Acquisition Highlights
  • This is Planet’s 1st transaction in the Environmental sector.
  • This is Planet’s 2nd transaction in the United States.
  • This is Planet’s 2nd transaction in California.

M&A Deal Summary
Date 2023-01-09
Target Salo Sciences
Sector Environmental
Buyer(s) Planet
Deal Type Add-on Acquisition

Target

Salo Sciences

San Francisco, California, United States
Salo Sciences is a climate technology company that provides high-resolution monitoring services and analytics for natural climate solutions and risk management. Salo uses three key tools: satellite data, artificial intelligence & ecological modeling to accelerate nature-based solutions to climate change and biodiversity loss. It built and manages the Forest Observatory, high-resolution satellite-based vegetation, and wildfire hazard mapping and monitoring system to improve forest resilience and land management decision-making. Salo Sciences is based in San Francisco, California.

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Buyer(S) 1

Buyer

Planet

San Francisco, California, United States
Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Planet is an analytics company that designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprised of the world’s leading agriculture, forestry, intelligence, education and finance companies, and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet was founded in 2010 and is based in San Francisco, California.

DEAL STATS #
Overall 4 of 5
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (California) 2 of 2
Country (United States) 2 of 2
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 VanderSat

Haarlem, Netherlands

VanderSat is a provider of global satellite-observed data, products, and services overland with a special emphasis on water and crops. VanderSat offers a unique and patented technology that makes observations possible without any cloud and darkness interference. VanderSat is based in Haarlem, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-29 Sinergise

Ljubljana, Slovenia

Sinergise is a European geospatial technology company best known for their Sentinel Hub, an award-winning satellite imagery archiving, processing and distribution service, which powers Earth Observation applications world-wide, processes hundreds of millions of requests every month, crunching more than 50 PB of data coming from Sentinel, Landsat, Planet and other missions. Sinergise is developing and operating machine-learning based solutions for monitoring of the planet, from agriculture activities to identification of newly built constructions. Sinergise was founded in 2008 and is based in Ljubljana, Slovenia.

Buy -
Mergr

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