LA PLATA, Maryland — Satellite last-mile-delivery provider D-Orbit of Italy, which raised 150 million euros ($166 million) in a Series C round in late 2024 and forecasted $40 million in 2024 revenue, is purchasing 100% of Planetek Group, an Italy-based veteran provider of geospatial analytics, in a transaction paid 50% in D-Orbit stock and 50% in cash.
The transaction, whose total value was not disclosed, was announced April 4 at a ceremony held by Italian Enterprise and Made in Italy Minister Adolfo Urso.
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