India, July 29 -- Intermap Technologies Corp. (IMP.TO), a geospatial intelligence company, announced Wednesday that it has entered into a definitive arrangement agreement to acquire all the remaining issued and outstanding shares of PCI Geomatics Group Inc.
Intermap has an existing ownership position in the company's Series B Preferred Shares and 3.3 percent of common shares. The acquisition consolidates ownership and advances Intermap's strategy to build a leading geospatial intelligence platform.
Following the acquisition, June McAlarey, President and CEO of PCI, will continue in her current role and assume duties as Intermap Executive Vice President, responsible for commercial business.
The combination integrates PCI's satellite and a...