M&A Deal Summary

UrtheCast Acquires Elecnor s Earth Observation Business

On June 22, 2015, UrtheCast acquired information technology company Elecnor s Earth Observation Business from Elecnor S.A. for 74M EUR

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

M&A Deal Summary

Date 2015-06-22
Target Elecnor s Earth Observation Business
Sector Information Technology
Buyer(s) UrtheCast
Sellers(s) Elecnor S.A.
Deal Type Divestiture
Deal Value 74M EUR

Target

Elecnor s Earth Observation Business

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

Search 191,543 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

UrtheCast

Vancouver, British Columbia, Canada

website


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, Canada.


DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Divestiture) 1 of 2
Country (Spain) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 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.

Buy $20M

Seller(S) 1

SELLER

Elecnor S.A.

Madrid, Spain

website


Category Company
Founded 1958
Sector Construction
DESCRIPTION

Elecnor, S.A. engages in the infrastructure, renewable energies, and concessions.The company was founded in 1958 and is based in Madrid, Spain.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
Country (Spain) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Audeca S.L.

Pozuelo de Alarcón, Spain

Audeca specializes in the road maintenance services and environmental activities.

Buy -