Australian aerial imagery and analytics provider Aerometrex has announced its acquisition of fellow imagery firm Spookfish.
The news was released in an ASX announcement on April 24, pending due diligence investigations. The acquisition includes the shares held by US analytics provider EagleView, which bought out Spookfish in December 2018.
Aerometrex’s acquisition represents a strengthening of the firm’s reach for its 3D modelling services in the US market, and signals collaboration opportunities with EagleView and its range of analytic tools, according to Aerometrex managing director, Mark Deuter.
“We are very pleased to have established a strong relationship with EagleView as we see the activities of both companies as highly complementary. We are looking forward to continuing to work with EagleView both in Australia and the United States,” he said.
Exploration of these opportunities is made explicit in the agreement, which will see Aerometrex purchase all of EagleView’s Spookfish shares for $1.5 million.
Rishi Daga, CEO of EagleView, welcomed the news and opportunities that a partnership would represent.
“We are excited to be joining forces with AMX to help our customers be more successful. This partnership helps our customers be stronger in these challenging times,” he said.
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