CoStar Group agrees to buy Vexcel for about $730 million
Bitget2026/10/27 20:06- CoStar Group agreed to acquire aerial imagery provider Vexcel for approximately $730 million in cash.
- The acquisition will support AI-derived property data across roughly half a billion properties captured by Vexcel.
- Closing is expected in the first quarter of 2027, with funding from cash on hand and an existing revolving credit facility.
- The deal is expected to increase adjusted earnings per share in the first full year of ownership.
- Vexcel generated more than $140 million in revenue over the last 12 months, up more than 30% from the preceding period.
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