May 01, 2011

Merger of Eurimage S.p.A into e-GEOS S.p.A

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We herewith would like to inform you that on May 1st 2011 Eurimage S.p.A will be legally merged into e-GEOS S.p.A.

This merger is the consequence of some important changes within Eurimage and the Telespazio Group over the last two years.

The first change and probably the most imortant milestone was reached on July 1st 2009, with the transfer of the Telespazio Earth Observation (EO) Division into e-GEOS SpA and with the assignment of world-wide exclusive rights for the commercial distribution of COSMO-SkyMed data from the Italian Space Agency ASI to e-GEOS.

e-GEOS (owned 80% by Telespazio and 20% by ASI) holds not only commercial distribution rights for the 4 fully operational radar satellites of the COSMO-SkyMed constellation, but benefits from all other assets previously held by the Telespazio EO group.

These assets include, among others:

  • the exclusive distribution agreement with GeoEye Inc. for GeoEye-1 and IKONOS imagery in Europe and North Africa, also through the e-GEOS receiving and processing station in Neustrelitz (Germany)
  • the master distribution agreement with DigitalGlobe Inc. for the commercialization of QuickBird, WorldView-1 and WorldView-2 satellites
  • the agreement with MDA GSI for direct reception and distribution of Radarsat-1 and Radarsat-2 data, also through the e-GEOS receiving and processing station in Matera (Italy)
  • the more than 20 years’ experience of the Telespazio EO Group in application development, image interpretation and processing, near-real-time services and other related remote sensing activities.

The second milestone was achieved in November 2009 with Eurimage becoming a 100% e-GEOS and Telespazio company. This already brought about a full integration of Eurimage and e-GEOS, with sharing of personnel, operational procedures, systems, tools and expertise.

Under this new scheme the data distribution has been centralised in e-GEOS as the “one stop shop” for a wide range of Multi-Mission Products.

This merge will have no operational impact. Former Eurimage staff, now e-GEOS, will continue to be the commercial and operational interface for all customers and partners as in the past.

Looking forward to continue our fruitful cooperation.

Eurimage staff, now e-GEOS