GeoEye acquires leading aerial imagery provider from GE Oil and Gas

GeoEye acquires leading aerial imagery provider from GE Oil and Gas

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Dulles, USA, 15 March 2007: GeoEye announced the acquisition of M.J. Harden Associates, Inc. from General Electric Company. M.J. Harden is a provider of digital aerial imagery and geospatial information solutions. GeoEye completed the acquisition of M.J. Harden’s outstanding stock on March 15, 2007, and will operate the company as a wholly owned subsidiary.

“This acquisition enables us to provide satellite and aerial imagery along with geospatial solutions to our resellers and customers,” said Matthew O’Connell, GeoEye’s President and Chief Executive Officer. “Since most of M.J. Harden’s customers are in the commercial segment, we think we can help them do more in the federal government sector. At the same time, we hope to expand the products they offer their customers. The addition of M.J. Harden’s expert staff and services to the processing capabilities already offered by GeoEye is a logical extension of our goal of providing the highest quality geospatial information to our customers.”

The deal will give GeoEye’s customers access to M.J. Harden digital aerial imagery where customers may need higher resolution imagery than what is available from GeoEye’s satellites. Digital aerial imagery is extremely complementary to GeoEye’s imagery and is especially useful to geospatial professionals working for state and local governments, corridor mapping, as well as the utilities sector.

“The combination of GeoEye’s high-quality satellite imagery and M.J. Harden’s map-accurate digital aerial imagery will provide our customers information of unprecedented quality,” said Doug Leibbrandt, general manager of M.J. Harden Associates, Inc. “We’re eager to collaborate on a full range of geospatial products and solutions for customers in a wide range of markets.”