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  • Wednesday, April 24, 2024

Maxar Closes Vricon Purchase

Maxar Technologies (NYSE: MAXR) announced Wednesday that it has wrapped up its acquisition of Vricon, a 3D data and analytics company, for approximately $140M.

Westminster, Colo.-based Maxar announced in June its intent to exercise its call option to fully acquire Vrion as part of efforts to advance growth initiatives in 3D technology and Earth intelligence markets.

McLean, Va.-based Vricon provides satellite-based 3D data for intelligence and defense markets and software and other platforms designed to enhance Earth intelligence data, 3D mapping, precision-guided munitions and military simulation and training. The company was established by Maxar and Saab as a joint venture in 2015.

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