Intermap Technologies Announces Definitive Agreement to Acquire PCI Geomatics Group

Intermap Technologies has entered into a definitive agreement to acquire PCI Geomatics Group for $11 million in cash. This acquisition aims to integrate PCI's expertise in satellite and aerial image processing with Intermap's 3D elevation models, creating a leading platform for geospatial intelligence. The combined entity will offer automated, near real-time, AI-powered GEOINT analytics, enhancing capabilities in both commercial and defense applications. The transaction is expected to be immediately accretive to Intermap's revenue growth, EBITDA, earnings, and cash flow. The acquisition is subject to shareholder and court approvals. Intermap anticipates this will consolidate ownership, enhance its industry position, and create long-term value by expanding its addressable market and recurring revenue streams.