Intermap's PCI Geomatics acquisition pairs 3D elevation data with image processing

In a deal structured as an arrangement under the Canada Business Corporations Act, Intermap Technologies will acquire all outstanding PCI Geomatics shares not already in its possession, using US$11 million in cash to complete the transaction. Intermap Technologies is a global leader in geospatial intelligence powered by proprietary 3D data and AI-driven analytics. PCI Geomatics is known commercially as CATALYST.

The acquisition brings together PCI's satellite and aerial image processing technology, which includes more than 750 proprietary algorithms supporting imagery from over 500 satellites, with Intermap's elevation data and AI analytics. Together, the companies aim to deliver automated, near real-time geospatial intelligence across commercial, government and defence markets, spanning applications from infrastructure monitoring and insurance underwriting to defence positioning and navigation systems.

June McAlarey, PCI's president and CEO, will stay on in her current role while also taking on the position of Intermap executive vice president, overseeing the commercial business. The deal has been unanimously approved by both companies' boards. Grenadier Investments Limited, a major PCI shareholder, along with PCI's directors and officers have agreed to vote their shares in favour.

Shifting demand

"We are excited to welcome June McAlarey and her team of talented geospatial professionals to our team," said Patrick A. Blott, chairman and CEO of Intermap. "This acquisition represents a significant milestone in Intermap's strategy to build the world's leading platform for geospatial intelligence. As demand shifts toward automated and autonomous geospatial intelligence and AI-powered decision support, Intermap is positioned to create lasting value for customers and shareholders."

For CATALYST customers, the company says little will change in the near term. It will continue operating as a standalone business with its existing team, while gradually integrating Intermap's elevation models to enhance accuracy and expand capabilities.

"Our customers have trusted us to solve their toughest Earth observation challenges for over four decades, and that commitment does not waver with this news. It deepens," McAlarey said.