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Private equity firm Advent International has acquired Maxar Technologies, a space company that has garnered worldwide attention for its high-resolution satellite images of Russia’s war in Ukraine, for
As reported by Ukrinform, this was reported by SpaceNews.
According to the agreement announced on December 16, Advent is purchasing all outstanding ordinary shares of Maxar for $53.00 per share in cash; that’s more than double Maxar’s $23.10 share price as of December 15, the company’s last full trading day as a publicly traded company. The acquisition is expected to be completed by mid-2023.
Boston, Massachusetts-based Advent International is an international company with $89 billion in assets. Maxar is headquartered in Westminster, Colorado.
The acquisition will help Maxar “accelerate investment and development in the company’s next-generation satellite technologies and data analytics for its customers.”
As reported by Ukrinform, the company Maxar Technologies has released satellite images of the area near the city of Izyum in the Kharkiv region, which was liberated from the Russian occupation forces.
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
