Maxar Closes Vricon Purchase

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.

You may also be interested in...

Leidos to Buy Gibbs & Cox for $380M in Maritime Market Expansion Push; Roger Krone Quoted

Leidos (NYSE: LDOS) has agreed to acquire engineering and design firm Gibbs & Cox in …

Peter Cannito: Redwire Eyes Space Infrastructure Expansion With DSS Acquisition

Redwire, an aerospace company backed by AE Industrial Partners, has bought satellite solar array developer …