Deals
UrtheCast Acquires Deimos to Double its Space-Imaging Capability
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UrtheCast Corp., the Canadian company that transmits pictures of Earth from cameras on the International Space Station, said it agreed to buy the satellite unit of a Spanish utility to boost its image offerings.
UrtheCast agreed to pay 74.2 million euros ($84.2 million) for Madrid-based Elecnor SA’s Deimos Imaging unit, which operates two satellites, the Vancouver-based company said in a statement Monday. UrtheCast has two cameras attached to the Space Station in a partnership with Russia’s space agency.