Russian billionaire invests $28 mn in ScanEx

Russian billionaire invests $28 mn in ScanEx

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Russia: Billionaire Arkady Rotenberg has invested $28 million and bought the majority share in ScanEx, a leading provider of remote sensing in Russia. Analysts believe that the businessman is interested in the possibility of participating in the establishment of a real-estate cadaster, to which a sum of about $1.7 billion is allocated.

ScanEx is one of the few high-tech businesses that have survived from the Soviet era, having been established in 1989. The company provides a broad range of high-tech services (ranging from reception to thematic processing of Earth from space) and also has the ability to provide regular observation of Russia’s territory and the CIS countries in real time with high spatial resolution.

Source: RBTH