CoStar Group to Acquire Vexcel, Adding the World’s Largest Survey Grade High-Resolution Aerial Imagery Program to Power Richer Search and Discovery Across CoStar with Tens of Billions of New AI-Derived Data Fields
CoStar Group agreed to acquire Vexcel Group, operator of one of the world's largest survey-grade aerial imagery programs, for approximately $730 million in cash. Vexcel generated over $140 million in trailing-twelve-month revenue, up more than 30% year over year, with an Adjusted EBITDA margin of roughly 20%; CoStar believes AI extraction from the imagery can yield hundreds of data fields per property across ~500 million properties.
Key figures
- Deal Value Usd
- 730000000
- Expected close
- Q1 2027
- Metros covered
- 320
- Countries covered
- 45
- Target ttm revenue
- $140 million
- Properties captured
- approximately half a billion
- Target revenue growth
- over 30%
- Us population coverage
- 99.6%
- Target adjusted ebitda margin
- approximately 20%
AI analysis
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