Germany: RapidEye Canada Ltd., an affiliate of Iunctus Geomatics Corp., a supplier of optical satellite imagery in Canada, acquired RapidEye AG of Brandenburg an der Havel, Germany.
“RapidEye will continue to operate as an independent company, leveraging a new strong German management team in order to maintain its successful brand and relationships,” said Ryan Johnson, President and CEO of Iunctus Geomatics. “Iunctus will continue to invest in RapidEye as we focus on creating a more customer-focused approach and additional value for our customers through our reorganisation activities.”
The purchase of RapidEye further increases Iunctus Geomatics’ presence in the worldwide geo-information market. The acquisition combines one of the world’s largest commercial archives of satellite imagery with Iunctus’ already extensive distribution channels for satellite data and value-added solutions.
“This acquisition gives our clients an excellent choice of satellite imagery, meeting their high resolution and large area coverage requirements. This also provides an avenue for Iunctus to expand into an international distribution network for many of our products and services,” added Johnson.
Dr. Manfred Krischke will be returning to RapidEye after co-founding the company in 1998. “During the next month we will review the current organisation with the most important goal of continuing and improving our service to existing and future clients and partners,” said Dr. Krischke. “I will consider it a positive sign that we acquired RapidEye on the anniversary of the launch of the satellites.”