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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