LONGMONT, CO--(Marketwire - Jan 31, 2013) - DigitalGlobe, Inc. (NYSE: DGI) ("DigitalGlobe") and GeoEye, Inc. (NASDAQ: GEOY) ("GeoEye"), today announced the completion of their combination, creating a global leader in earth imagery and geospatial analysis. The combined company will trade on the NYSE stock exchange as DigitalGlobe under the symbol DGI. Based on the closing price of DigitalGlobe stock on January 30, 2013, the combined company has a market capitalization of $2.1 billion.
As a result of the combination, DigitalGlobe is now uniquely positioned to provide a wider array of earth imagery and geospatial analysis to help customers solve their most complex problems and compete in a high-growth and dynamic global market. Together, the combined company will have:
· An expanded global presence with a larger and more diverse revenue base;
· A larger constellation with optimized orbits, coordinated scheduling and improved revisit rates;
· Better integrated imagery collection, processing and analytics capabilities; and
· A strengthened balance sheet and financial profile with more than an expected $1.5 billion in net present value of operating expense and capital synergies, with approximately one-third of those synergy savings related to operating expense and the balance from capital savings.