January 12, 2006

Orbimage Buys Space Imaging, creates World's largest commercial imaging company - GeoEye

Perhaps strategically timed just after the ClearView award announcements, Orbimage has snapped up Space Imaging in yet another shake-down in the remote sensing business. They result is a new company, GeoEye, billed as the largest remote sensing company in the World. From the news... GeoEye is the world’s largest commercial satellite imagery company with a pro forma combined revenue for 2005 of approximately $160 million. The purchase price was approximately $58.5 million less amounts which were paid by Space Imaging on its existing debt as well as certain other adjustments. See details at http://www.gisuser.com/content/view/7848/ or For more information, visit www.geoeye.com.


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