Home News Business PCI Geomatics completes acquisition of Geospace Inc.

PCI Geomatics completes acquisition of Geospace Inc.

Richmond Hill, Ontario – December 3, 2008: PCI Geomatics, a world leading developer of software and solutions for geospatial imaging applications announced the acquisition of Geospace Inc., a provider of geospatial information and solutions.

Geospace Inc., based in Albuquerque, NM, is the developer of FeatureObjeX™, a user friendly stand alone software package combining interactive editing tools for sophisticated image analysis and feature extraction.

The combination of PCI Geomatics and Geospace creates a greater product offering to consumers and reinforces PCI as image centric experts within the marketplace. The acquisition will extend PCI Geomatics’ capabilities and increase the company’s client base.

“Geospace’s technology complements PCI’s. The acquisition of Geospace extends PCI’s ability to deliver compelling products to our consumers,” said Dr. Robert Moses, President and CEO of PCI Geomatics. “Our mandate is to deliver the most effective geospatial solutions to meet the constantly evolving needs of the industry.”

“This is an exciting landmark for Geospace; with PCI’s global reach and worldwide brand recognition, we are able to expand our opportunities,” said Michael Hollis, President and CEO of GeoSpace Inc. “We look forward to growing as a part of PCI Geomatics.”

Existing agreements between each company, its customers, partners and service providers will be honored.