M&A Deal Summary

UrtheCast Acquires Geosys SAS

On August 14, 2018, UrtheCast acquired information technology company Geosys SAS from Land O Lakes for 20M USD

Acquisition Highlights
  • This is UrtheCast’s 2nd transaction in the Information Technology sector.
  • This is UrtheCast’s 2nd largest (disclosed) transaction.
  • This is UrtheCast’s 1st transaction in France.

M&A Deal Summary

Date 2018-08-14
Target Geosys SAS
Sector Information Technology
Buyer(s) UrtheCast
Sellers(s) Land O Lakes
Deal Type Divestiture
Deal Value 20M USD

Target

Geosys SAS

Balma, France
Geosys SAS is a technology firm that provides satellite imaging and insights to agribusiness. Services range from worldwide risk management and monitoring agricultural commodities, to input sales and precision farming support by using the latest research in agronomics, information technologies and remote sensing. Geosys SAS was founded in 1987 and is based in Balma, France.

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Buyer(S) 1

Buyer

UrtheCast

Vancouver, British Columbia, Canada

Category Company
Sector Information Technology
Employees197
Revenue 18M CAD (2019)
DESCRIPTION

UrtheCast is a technology company that is developing Ultra HD video feed of Earth, streamed from space in full color. UrtheCast is based in Vancouver, British Columbia.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: France M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-22 Elecnor s Earth Observation Business

Spain

Elecnor's Earth Observation Business (dba Deimos Imaging) is aprovider of satellite and imagery business.

Buy €74M

Seller(S) 1

SELLER

Land O Lakes

Arden Hills, Minnesota, United States

Category Company
Sector Food
DESCRIPTION

Land O'Lakes, Inc. provides an agribusiness and food companies and offers local cooperatives and agricultural producers across the nation an extensive line of agricultural supplies, as well as state-of-the-art production and business services.


DEAL STATS #
Overall 3 of 4
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 3 of 4
Country: France M&A 1 of 1
Year: 2018 M&A 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Philia Foods

St. Paul, Minnesota, United States

Philia Foods is a processor and supplier of spreadable feta cheese. Philia Foods was established in 2001 and is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Chromatin

Chicago, Illinois, United States

Chromatin, Inc. is a provider of crop breeding and biotechnology innovations, customized seeds, and energy crop feedstocks to renewable and agriculture markets. Chromatin was founded in 2001 and is based in Chicago, Illinois.

Sell $27M