The Saudi “New Space Group”, one of the companies of the State Investment Fund and the innovative commercial supplier of space services in the kingdom, announced the full acquisition of UB 24 ”, the land monitoring platform, which previously belonged to Airbus Defense & Space.
After the initial announcement in December 2024, UP224 officially became part of the new New Group system, which enhances the capabilities of the group in the field of spatial geography at the global level and hastened to the frequency of growth and innovation of UB22 for servicing customers and partners around the world, according to the group statement.
“This is a key point that strengthens our position as a pioneer in the field of spatial geography,” said Martin Blancin. We are committed together to promote this sector forward and provide effective solutions that support business and serve the vital industries in Saudi Arabia and all over the world. “
For his part, the general director of UP24, Sean Wilde, said: “This is a new and very exciting stage in March of the company, and, as the main pillar (new space group), we expand our commitment to continuity, and we expand in our services, partnerships and spatial geographical products. Our current services and obligations to our clients remain in the same spirit. ”
He added: “This merger supports our mission to facilitate access to land monitoring data and is widely analyzed, which helps our customers solve complex problems and have a positive global effect.”
This acquisition directly contributes to the achievement of “vision 2030”, strengthening national space infrastructure, localizing expanded technical capabilities and supporting the growth of a prosperous commercial space economy in the kingdom.
The New Space Group is the global company Space Services, which provides a wide range of services in the field of space communication, spatial geography, GPS, navigation and synchronization systems, in addition to investing in various cosmic technologies. Being one of the companies of the State Investment Fund, the group contributes to the transformation of the space economy of Saudi Arabia, support for innovation and the creation of employment opportunities in accordance with Vision 2030.
UP22 is a shift in how institutions require land monitoring data, and how to gain access and analyze it through a “new generation for land monitoring”, which expands access to data, facilitates its management and was able to process images on a large scale, which facilitates geo -Selian conditions.
It should be noted that UB22 was created in 2019 in the German capital of Berlin Airbus.
