Abu Dhabi based Group 42, an AI and cloud computing company, acquired Bayanat for Mapping and Surveying Services for an undisclosed amount as reported by Emirates News Agency, yesterday.
Bayant is a geospatial data products and services provider that was launched by Mubdala in 2011 out of the commercialization of the UAE’s Military Survey Department.
Group 42 has announced that it will leverage the acquisition to expand its satellite based solutions.
Commenting on the investment Peng Xiao, Group 42’s CEO said, “This acquisition reflects Group 42’s continuous effort to deliver cutting-edge, AI-enabled solutions to the region, as it gives us access to technology, expertise and high-quality geographical data that will be used to nourish our algorithms further.”
While Mohammed Al Beloushi, Bayanat’s CEO said, “Our vision has been to be the forerunners in our industry not only in the region, but globally.” “Group 42 will further bolster our vision … having the region’s most powerful computing capability and their reputation for being thought leaders in AI,” he added.
Bayant currently offers navigational facilities, including aerial photography, map production, maritime charts, geographic information system (GIS) analysis that covers the whole UAE to public and private companies.
This is not the first deal that Group 42 closes with the Emirati government. Late last year, the company joined hands with the Abu Dhabi Department of Health to deliver the first genome program in the UAE. It also unveiled a joint venture with Abu Dhabi’s ADNOC to create AI-enabled solutions for the oil and gas industry, according to a previous statement of the company.
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