On November 13, 2024, Spire Global announced its agreement to sell its maritime business for approximately US$241 million to Kpler.
Spire Global intends to use the proceeds of the sale to retire all outstanding debt and invest in near-term growth opportunities. The transaction consists of a $233.5-million purchase price and $7.5 million for services over a twelve-month period. The transaction is expected to close by the first quarter of 2025, subject to satisfying customary closing conditions.
Spire Global operates as a global provider of space-based data, analytics and space services.
Osler, Hoskin & Harcourt LLP advised Spire Global with a team consisting of Alex Gorka, Kevin Feng, Emery White (Corporate), Alan Kenigsberg, Chelsea Rubin (Controlled Goods), Shaun Parker, Abigail Omale (Employment and Labour), David Davachi, Taylor Cao, Sean Timlick (Tax), and Sam Ip and Jordan Geist (Technology Security).
Key Contact
Partner, Corporate, Toronto
Team
Associate, Corporate, Toronto
Associate, Corporate, Toronto
Partner, Employment and Labour, Calgary
Associate, Employment and Labour, Vancouver
Partner, Tax, Toronto
Partner, Tax, Toronto
Associate, Tax, Toronto
Associate, Tax, Toronto
Partner, Technology, Toronto
