DigitalGlobe buying geospatial-tech company for $140 million

DigitalGlobe Inc. said it's buying a Virginia company that specializes in providing geospatial information to the intelligence community.

Westminster-based DigitalGlobe (NYSE: DGI) said it's buying The Radiant Group Inc. from Aston Capital for $140 million in cash.

DigitalGlobe said Chantilly, Virginia-based Radiant has contracts with the National Reconnaissance Office, National Geospatial-Intelligence Agency, the Defense Intelligence Agency and Special Operations Command. The company is expected to bring in $100 million in revenue in 2016.

"The acquisition of The Radiant Group represents an important step in deriving new insights for customers from DigitalGlobe’s imagery and other geospatial information sources,” said Jeffrey Tarr, DigitalGlobe CEO, in a statement.

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