[09-05-11] Canadian optical satellite imagery provider Iunctus Geomatics<\/b> has acquired the assets of RapidEye AG<\/b> in Germany, the companies confirmed Sept. 2. RapidEye\u2019s assets include five identical Earth observation satellites in orbit that were launched from Baikonur Cosmodrome in Kazakhstan in August 2008.
\n The purchase was finalized Aug. 29 in Potsdam, Germany. Financial details of the transaction were not disclosed. Iunctus said the purchase of RapidEye aims to increase its presence in the worldwide geo-information market. The acquisition combines one of the world\u2019s largest commercial archives of satellite imagery with Iunctus\u2019 extensive distribution channels for satellite data and value-added solutions.
\n In June, RapidEye CEO Wolfgang Biedermann filed for Germany\u2019s equivalent of Chapter 11 bankruptcy protection after its financial sponsors felt the privately owned imagery firm\u2019s overall debt was too high for the current business, undercutting hopes that commercial demand, alone, could sustain an earth observation company, according to satellite industry analysts. The company, however, spent the last few years managing an aggressive global partnership campaign, which successfully expanded its international network.
\n \u201cRapidEye will continue to operate as an independent company, leveraging a new strong German management team in order to maintain its successful brand and relationships. Iunctus will continue to invest in RapidEye as we focus on creating a more customer-focused approach and additional value for our customers through our reorganization activities,\u201d Iunctus Geomatics President and CEO Ryan Johnson said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
[09-05-11] Canadian optical satellite imagery provider Iunctus Geomatics has acquired the assets of RapidEye AG in Germany, the companies confirmed Sept. 2. RapidEye\u2019s assets include five identical Earth observation satellites in orbit that were launched from Baikonur Cosmodrome in Kazakhstan in August 2008. The purchase was finalized Aug. 29 in Potsdam, Germany. Financial details […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-84289","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84289"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=84289"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84289\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}