Vexcel Imaging, a Boulder, Colo.-based company that provides aerial imagery data, large-format aerial cameras and photogrammetry software, signed a definitive agreement Tuesday to acquire the imagery sourcing group from Jersey City-based Verisk’s Geomni business, creating the world’s leading geospatial data library.
The acquisition will combine Geomni’s imagery surveying and content-related teams and assets into Vexcel. Verisk, a data analytics provider, will be a minority owner in Vexcel with full access to all aerial imagery libraries.
The Geomni’s analytics team and assets will remain part of Verisk and continue to focus on advanced analytics. The team will work closely with Vexcel on a strategic road map and joint projects.
The transaction is expected to close during the first quarter of 2020, subject to the completion of customary closing conditions.
