Mergers and Acquisitions

Spire Global in its $204.2 million acquisition of exactEarth

Spire Global
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Emery White

Associate, Corporate, Toronto

Sydney Young

Associate, Intellectual Property, Toronto

Andrea Boctor

Partner, Pensions and Benefits, Toronto

Maryna Polataiko

Associate, Privacy and Data Management, Toronto

Shaun Parker

Partner, Employment and Labour, Calgary

Danielle Chu

Associate, Competition, Trade & Foreign Investment, Toronto

Taylor Cao

Associate, Tax, Toronto

Kevin Feng

Associate, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

Matthew Ritchie

Partner, Real Estate, Toronto

Sam Ip

Partner, Technology, Toronto

Kelly Moffatt

Partner, Commercial, Toronto

Kaeleigh Kuzma

Partner, Competition/Antitrust and Foreign Investment, Calgary

Ryan Nielsen

Partner, Real Estate, Toronto

 

On November 30, 2021, Spire Global (NYSE: SPIR) completed its proposed acquisition of exactEarth (TSX:XCT) for $204.2 million in cash and stock. Under the transaction, exactEarth will become a subsidiary of Spire Global and will create a global leader in the space-based maritime data and analytics industry. The combined company aims to bring together real-time and historical space-based maritime data and drive digitalization to provide improved fleet visibility, cost savings and a reduced environmental footprint.

Spire Global is a global provider of space-based data, analytics and space services focused on offering datasets and insights about the Earth to organizations around the world.

exactEarth is an Ontario-based provider of maritime vessel data specializing in ship tracking and maritime situational awareness solutions.

Osler, Hoskin & Harcourt LLP advised Spire Global with a team led by Alex Gorka consisting of Kevin Feng, Emery White (Corporate), Kaeleigh Kuzma, Danielle Chu (Foreign Investment), David Davachi, Taylor Cao (Taxation), Shaun Parker, Adam Rempel (Employment & Labour), Kristin Ali, Maryna Polataiko (Privacy & Data Management), Ryan Nielsen, Matthew Ritchie (Real Estate), Andrea Boctor (Pensions & Benefits), Kelly Moffatt, Sydney Young (Intellectual Property) and Sam Ip (Technology).

Value
$204.2 million
Date Closed
November 30, 2021
Lead Office
Toronto
Key Contact
Alex Gorka

Partner, Corporate, Toronto

Team
Emery White

Associate, Corporate, Toronto

Sydney Young

Associate, Intellectual Property, Toronto

Andrea Boctor

Partner, Pensions and Benefits, Toronto

Maryna Polataiko

Associate, Privacy and Data Management, Toronto

Shaun Parker

Partner, Employment and Labour, Calgary

Danielle Chu

Associate, Competition, Trade & Foreign Investment, Toronto

Taylor Cao

Associate, Tax, Toronto

Kevin Feng

Associate, Corporate, Toronto

David Davachi

Partner, Tax, Toronto

Matthew Ritchie

Partner, Real Estate, Toronto

Sam Ip

Partner, Technology, Toronto

Kelly Moffatt

Partner, Commercial, Toronto

Kaeleigh Kuzma

Partner, Competition/Antitrust and Foreign Investment, Calgary

Ryan Nielsen

Partner, Real Estate, Toronto