2d3 Sensing has been Acquired by Boeing Subsidiary Insitu

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2d3 Sensing has been Acquired by Boeing Subsidiary Insitu 2017-04-26T19:49:01+00:00

Project Description

2d3 Sensing, a leading provider of imaging intelligence solutions for the Processing, Exploitation and Dissemination (“PED”) of critical intelligence imagery, has been acquired by Insitu, Inc., a wholly owned subsidiary of The Boeing Company (NYSE: BA). 2d3 Sensing specializes in motion imagery PED of critical intelligence, surveillance and reconnaissance data generated from aerial manned and unmanned platforms. Its software and services are used by the U.S. Air Force, U.S. Navy, UK MoD’s Defence Science and Technology Laboratory and other government and commercial customers. 2d3 Sensing’s products can be found on the Insitu ScanEagle and Integrator UAV systems. The acquisition will allow further integration of 2d3 Sensing’s video analysis and other capabilities into Insitu and other Boeing platforms.

Commenting on the transaction, Steve Nordlund, Boeing Defense, Space & Security vice president, Unmanned Airborne Systems said, “This supports our effort to differentiate our platforms and services with integrated information solutions.”

“Insitu has a long history with 2d3 and by integrating them into the team, we can further leverage the unique capabilities the company offers,” said Ryan Hartman, Insitu president and CEO. “The services they provide highlight ways in which computer vision and image processing technologies can be used to enhance and analyze full motion video data captured and recorded during live missions. We look forward to incorporating such improvements into our unmanned vehicles.”

2d3 Sensing is a wholly owned subsidiary of OMG plc (London: OMG.L) and is headquartered in Irvine, California with offices in San Mateo, California and the United Kingdom.

Philpott Ball & Werner, LLC served as the exclusive financial advisor to OMG plc and 2d3 Sensing. Please contact Nick Berry, PB&W Managing Director (nberry@pbandw.com) for more information about this transaction.