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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