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UrtheCast to acquire Deimos imaging EO business from Elecnor

Submit on Tuesday, June 23rd, 2015 22:55

UrtheCast Corp. announced that its subsidiary has entered into a definitive agreement with Elecnor, S.A. to acquire Elecnor’s Earth Observation business dba Deimos Imaging (the “Acquisition”) for an aggregate price of EUR74.2 million, subject to customary working capital adjustments, with EUR69 million due at closing and EUR5.2 million to be paid over the next five years.

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This entry was posted on Tuesday, June 23rd, 2015 at 10:55 pm and is filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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