Neo Space Group to Acquire UP42 Earth Observation Digital Platform from Airbus

July 15, 2025

Neo Space Group (NSG), a Public Investment Fund-owned commercial space services provider in Saudi Arabia, entered into a definitive agreement to acquire Airbus Defence and Space’s UP42 earth observation digital platform. The acquisition was later completed and UP42 GmbH became formally integrated into NSG’s organization.

Buyers
Neo Space Group (NSG)
Targets
UP42, UP42 GmbH
Sellers
Airbus Defence and Space, Airbus Defence and Space GmbH
Industry
Data & Analytics
Location
Berlin, Germany
Transaction Type
Buyout

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