Abu Dhabi-based artificial intelligence firm Group 42 has acquired customised geospatial data products and services provider Bayanat for Mapping and Surveying Services LLC.
Bayanat, which providing its clients with topographic, hydrographic, and aeronautical products and charts, as well as spatial data surveying, analysis, management, modelling, visualisation and cartography services, will complement Group 42's suite of satellite-based solutions to offer disruptive products to clients.
Commenting on the acquisition, the chief executive officer of Group 42, Peng Xiao, said: As we welcome Bayanat into our ecosystem of companies, we believe their expertise in the geospatial domain will significantly contribute toward expanding and improving our product and service offering.
The acquisition of Bayanat follows Group 42's partnership with Department of Health – Abu Dhabi on 10 December, 2019, to deliver the first genome programme in the country. In November 2019, the company announced the establishment of a joint venture with ADNOC to create AI-enabled solutions for the oil and gas industry.
