Bothell, Wash.-based EagleView said on Monday it’s officially acquired the Australian company. The deal was originally announced in July and valued at about $89.7 million U.S. dollars, based on public disclosure filings at the time. Spookfish was publicly traded and received an all-cash offer from EagleView.
EagleView says the acquisition will give it access to “advanced, proprietary camera systems for capturing high-resolution aerial imagery at a greater scale” as well as expand its geographic reach. The company positions its services for use by government agencies, insurance carriers, roofing contractors and energy utilities.
“The inclusion of Spookfish technology and capture platforms offer our customers an entirely new level of accuracy and resolution,” said Rishi Daga, EagleView’s CEO, in a statement. “The combination of their capture platform with our data analytics and established market share will create opportunities to disrupt the industry like never before.”
The company says it will continue to serve existing Spookfish customers as currently contracted. Before the acquisition was announced, EagleView was already Spookfish’s largest single shareholder following a 2016 investment.