Itility Group a leading software and data solution provider in Manufacturing, Energy, and AgriTech, announced the acquisition of a majority stake in NEO, a Dutch Earth Observation company. On April 26, Itility Group completed the acquisition of a majority stake in NEO, marking a significant milestone for both companies in the field of software, data solutions and earth observation.
NEO, located in Amersfoort, provides unique information services that pertain to the changes in our living environment. It specializes in securing and updating often very detailed habitat information using satellite imagery, aerial photos, lidar data, and data from the crowd.
With its new owner, NEO will be able to accelerate faster to anticipate the rapidly growing demand of the industry for large scale satellite-based data solutions – to be used for crop management, map registrations, asset valuation and risk assessment, tree maintenance, pipeline management, building inspections and control, CO2 monitoring, and detection of invasive species. This improves business outcomes and supports the sustainable development goals for water and food security (SDG6 and SDG2).
Supported by Itility, NEO can further scale its technology and deploy this across the globe to support agriculture companies, regulators, and NGO’s.