DigitalGlobe Accepts Unsolicited Offer for a New Location
Global Leader in Geospatial Information Will Relocate Headquarters to
LONGMONT, CO -- (Marketwired) -- 10/16/13 -- DigitalGlobe (NYSE:
DGI), a leading provider of commercial high-resolution earth
observation and advanced geospatial solutions, today announced that
it has finalized a lease for a new headquarters location in
In early September, shortly after DigitalGlobe announced that it had
entered into a non-binding letter of intent with a developer for a
new headquarters in Broomfield, Colo., it received an unsolicited
offer to lease a building near I-25 and 120th Ave. in Westminster,
Colo. After a comprehensive financial review and discussions with its
real estate advisor Cresa Denver, DigitalGlobe undertook a thorough
due diligence process, including a rev
iew of engineering, security,
adaptability and space-utilization considerations resulting in the
execution of a 15-year term lease.
"Although this was an unexpected series of events, once we determined
the potential of this opportunity we moved diligently and quickly to
finalize a lease that secures the best interests of our company, team
members, customers and shareowners," said Jeffrey R. Tarr, President
and Chief Executive Officer of DigitalGlobe. "DigitalGlobe believes
this decision is a win for the state of Colorado, allowing for
flexible business growth for the company and future high-tech jobs
for the northern Denver corridor."
Several benefits factored into DigitalGlobe's decision to sign the
lease. The building in Westminster allows DigitalGlobe to move with
less disruption to its employees and complex operations. The building
already has in place much of the infrastructure and physical security
required by the company and will require less capital investment to
be fully adapted to the company's current and long-term business
needs. Colorado-based employees are expected to relocate to the new
campus in Westminster in the summer of 2015.
"We regret any disappointment to the cities and partners associated
with our previous announcement. We could not have anticipated this
change in our relocation plans but are pleased with the benefits the
Westminster facility offers," said Tarr.
DigitalGlobe expects to maintain a footprint in the current Longmont
location for a period of time after the move to Westminster. In
addition, DigitalGlobe will continue to maintain a significant
presence in other offices around the world, including Herndon, Va.,
Tampa, Fla., London and Singapore among others.
DigitalGlobe is a leading provider of commercial
high-resolution earth observation and advanced geospatial solutions
that help decision makers better understand our changing planet in
order to save lives, resources and time. Sourced from the world's
leading constellation, our imagery solutions deliver unmatched
coverage and capacity to meet our customers' most demanding mission
requirements. Each day customers in defense and intelligence, public
safety, civil agencies, map making and analysis, environmental
monitoring, oil and gas exploration, infrastructure management,
navigation technology, and providers of location-based services
depend on DigitalGlobe data, information, technology and expertise to
gain actionable insight.
DigitalGlobe is a registered trademark of DigitalGlobe.
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Edelman for DigitalGlobe
Phone: (512) 634-3659
Senior Director of Communication
Phone: (303) 684-1674
Investor Relations Conta
Vice President of Investor Relations
Phone: (303) 684-4210
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