US-based Planet, an aerospace and data analytics company that builds satellites to provide daily data and insights about Earth, announced that it has acquired VanderSat, a Haarlem, Netherlands-based provider of advanced earth data and analytics.
Under the agreement, the company acquired VanderSat for approx $28M (approx €24.74M), which consists of $18M (approx €15.9M) in shares of Class A common stock of Planet Labs PBC and approx $10M (approx €8.83M) in cash.