Press Release Geospatial/Earth Observation 1 min read

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

Neo Space Group (NSG), a PIF company and Saudi Arabia's leading commercial space services provider, has completed its acquisition of UP42 GmbH, the Earth Observation platform previously owned by Airbus Defence and Space GmbH. This strategic acquisition enhances NSG's geospatial capabilities and accelerates UP42's global growth.

Neo Space Group UP42 GmbH Airbus Defence and Space GmbH
Press ReleaseJuly 10, 2025
Neo Space Group

Neo Space Group (NSG), a PIF company and Saudi Arabia's leading commercial space services provider, has completed its acquisition of UP42 GmbH, the Earth Observation platform previously owned by Airbus Defence and Space GmbH. This strategic acquisition enhances NSG's geospatial capabilities and accelerates UP42's global growth.

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