DigitalGlobe To Buy Privately Held Radiant Group For $140 Mln In Cash

(RTTNews) - DigitalGlobe Inc. (DGI) said that it agreed to acquire privately held The Radiant Group Inc. from Aston Capital for $140 million in cash.

The deal is expected to close by end of 2016, subject to satisfaction of customary closing conditions and regulatory approvals.

Headquartered in Chantilly, Virginia, Radiant has built a strong and growing presence within the U.S. Intelligence Community and has contracts with the National Reconnaissance Office (NRO), National Geospatial-Intelligence Agency (NGA), Defense Intelligence Agency (DIA) and Special Operations Command (SOCOM).