Planet, an Earth-imaging firm will acquire Google's Terra Bella small satellite business. The two companies made the announcement last Friday. As part of the deal, Google also agreed to buy Earth-Imaging data from Planet. Terra Bella was founded in 2010 and it builds small satellites and constellations for Earth observation.
This acquisition and sale is a great example of the diversification of the industry that is happening. This diversification is becoming increasingly common in the small satellite industry especially when it comes to combining areas and data in order to provide better services for earth science related projects. We've seen it with humanitarian efforts from NASA and more commercial industries.
No comments:
Post a Comment