Vaisala Acquires Maxar Intelligence's WeatherDesk Business
December 9, 2024
Vaisala Corporation has acquired the WeatherDesk business assets from US-based Maxar Intelligence for USD 70 million to accelerate growth of its Xweather unit and expand AI-led weather forecasting capabilities. The deal, financed mainly with interest-bearing debt, transfers 34 professionals to Vaisala; WeatherDesk reported USD 13 million in recurring net sales in 2023.
- Buyers
- Vaisala Corporation
- Targets
- WeatherDesk (Maxar Intelligence business)
- Sellers
- Maxar Intelligence
- Industry
- Data & Analytics
- Location
- United States
- Transaction Type
- Divestiture
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