Neo Space Group Completes Acquisition of UP42 from Airbus Defence and Space

• Neo Space Group (NSG) has officially finalized its acquisition of UP42, integrating the Earth Observation platform into the NSG organization.
• The acquisition strengthens NSG's global geospatial capabilities while accelerating UP42's growth and innovation for customers and partners worldwide.
• Riyadh, Saudi Arabia & Berlin, Germany – July 10, 2025 – Neo Space Group (NSG), a PIF company and Saudi Arabia's leading commercial space services provider, announced today that the company has completed its previously announced acquisition of UP42 GmbH, the leading Earth Observation (EO) platform previously owned by Airbus Defence and Space GmbH. Following the initial announcement in December 2024, UP42 is now formally part of the NSG organization

Press release: https://neospacegroup.com/english/news/neo-space-group-completes-acquisition-of-up42-from-airbus-defence-and-space

About UP42: https://up42.com/company