On September 14, 2021, Spire Global (NYSE: SPIR) announced 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).