NEO SPACE GROUP TO ACQUIRE UP42 EARTH OBSERVATION DIGITAL PLATFORM FROM AIRBUS

Martijn Blanken, NSG Chief Executive Officer, said: "By integrating the UP42 platform into the KSA ecosystem, we are positioning NSG to deliver cutting-edge geospatial insights for one of the world's fastest growing economies. This acquisition is pivotal in fulfilling our vision to lead innovation in the geospatial sector both locally, and globally, and further contribute to the growth of the space economy in Saudi Arabia, in full alignment with Saudi Vision 2030."

The announcement further reinforces the strategic role NSG will play in providing EO services, after The Communications, Space, and Technology Commission (CST) of Saudi Arabia announced in July this year that NSG had won the permit to provide the Earth Observation (EO) Platform Service in Saudi Arabia.

Sean Wiid, Chief Executive Officer of UP42, said: "Joining NSG is an exciting step for UP42. Our continued international business growth will support the ambition to make NSG a global leader in geospatial innovation. At the same time, we will play a key role in developing a robust Earth observation ecosystem within Saudi Arabia for the benefit of the Government, Agriculture, Energy, Travel, and Tourism sectors".

NSG was launched in May 2024, when Public Investment Fund (PIF) announced the establishment of NSG with the mission to become a global leader in the satellite and space sector. By fostering national expertise and enhancing Saudi Arabia's position in the global space economy, NSG aims to unlock the potential of emerging industries, diversify the Saudi economy, and support the realization of Vision 2030.

About NSG: www.neospacegroup.com

NEO SPACE GROUP (NSG) is a global space and satellite services company based in Saudi Arabia offering a broad portfolio of space services including satellite broadband communications, in-flight connectivity, earth observation and remote sensing, geospatial analysis, satellite navigation and IoT, and an active investor in space technology.  NSG, a Public Investment Fund (PIF) company, is an essential enabler of the Vision 2030 goals for economic diversification, industrial development, innovation, and job creation.

About UP42: www.UP42.com 

UP42 transforms how organizations order, access, and analyze Earth Observation data through its next generation Earth observation platform. It simplifies data access, streamlines data management, and enables imagery processing at scale, making it easy to create geospatial solutions. The company was born in 2019 in Berlin and founded by Airbus.

Press Contact:
For more information and interviews, please contact:
Raouf Khalife, Head of Marketing & Communications, Neo Space Group
Email: [email protected]
Tel: +966 50 1362533

Mini Sree Narayanan: Social Media and CMS Manager, Neo Space Group
Email: [email protected]

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