Colorado-based DigitalGlobe Inc. plans to acquire The Radiant Group Inc., a privately held Reston-based geospatial information company, from Aston Capital for $140 million in cash.
DigitalGlobe said the combined business will support critical national security missions with an expanded portfolio of capabilities that extend across the geospatial intelligence value chain.
Radiant expects to have 2016 revenue of about $100 million. Its revenue growth rate has been above 10 percent.
“The acquisition of The Radiant Group represents an important step in deriving new insights for customers from DigitalGlobe’s imagery and other geospatial information sources,” DigitalGlobe CEO Jeffrey R. Tarr said in a statement. “Combining Radiant with DigitalGlobe greatly enhances both organizations’ capabilities, expands our customer base across the U.S. Intelligence Community and increases our access to contract vehicles.
