Group 42 acquires Bayanat
Source: Emirates News Agency
Group 42, an Abu Dhabi-based artificial intelligence and cloud computing company, announced today that it has acquired Bayanat for Mapping and Surveying Services LLC, an end-to-end and customised geospatial data products and services provider.
Bayanat has been a leader in the geospatial domain since its launch in 2010, delivering various geospatial solutions and services, providing its clients with topographic, hydrographic and aeronautical products and charts, as well as spatial data surveying, analysis, management, modelling, visualisation and cartography services.
By purchasing the company, Group 42 aims to complement its suite of satellite-based solutions, leveraging its unparalleled expertise in data analytics and artificial intelligence techniques to offer disruptive products to its portfolio of clients.
Peng Xiao, CEO of Group 42, said, "As we welcome Bayanat into our ecosystem of companies, we believe their expertise in the geospatial domain will significantly contribute toward expanding and improving our product and service offering. This acquisition reflects G42’s continuous effort to deliver cutting-edge, AI-enabled solutions to the region, as it gives us access to technology, expertise and high-quality geographical data that will be used to nourish our algorithms further."