Maxar Technologies completes acquisition of VA-based Vricon, Inc.

Thursday July 2, 2020 0 comments Tags: Westminster, Maxar Technologies, Vricon

WESTMINSTER -- Maxar Technologies (NYSE:MAXR) (TSX:MAXR) announced it has completed its previously announced acquisition of 3D data and analytics firm Vricon, Inc., for approximately $140 million, or approximately $115 million net of estimated cash at closing.maxar-logo 

Virginia-based Vricon is a global leader in satellite-derived 3D data for defense and intelligence markets, with software and products that enhance 3D mapping, Earth intelligence data, military simulation and training and precision-guided munitions.

The company was formed as a joint venture between Maxar and Saab in 2015 to combine patented Saab IP with Maxar commercial satellite imagery to build highly accurate, immersive 3D products at scale.