Neo Space Group to acquire UP42 earth observation platform from Airbus

Neo Space Group to acquire UP42 earth observation platform from Airbus

GPS Daily

Published

Paris, France (SPX) Dec 04, 2024

Neo Space Group (NSG), Saudi Arabia's premier commercial space services company and backed by the Public Investment Fund (PIF), has signed a definitive agreement to acquire UP42, Airbus Defence and Space's earth observation (EO) digital platform. The transaction remains subject to regulatory approvals and customary closing conditions. UP42, launched by Airbus in 2019 in Berlin, Germany, offers a

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