Airbus Defence and Space, the world’s second largest space company, is selling its subsidiary Tokyo Spot Image KK (TSI) to PASCO CORPORATION (hereinafter PASCO). At the same time, PASCO enters into a new distribution agreement with Airbus Defence and Space for a SPOT 6/7 Direct Receiving Station (DRS) with associated data distribution rights.
This deal marks a significant milestone in the long-term collaboration between the two companies, which began in 2003 when PASCO acquired its first Pixel Factory. Later, several distribution contracts have been signed for the Japanese market. This began with TerraSAR-X Direct Access Station deployed in 2005, followed in 2011 by Pléiades DRS and Pixel Factory systems in 2012. Last year, PASCO purchased the Street Factory product, therefore becoming one of the main customers of Airbus Defence and Space.
Founded in 2002, Tokyo Spot Image KK is a 100% subsidiary of Airbus Defence and Space. During the past 12 years, TSI has been focussing on the development of the civilian market, with significant successes in the mapping, agriculture and forestry sectors, generating profit every single year. The sale of TSI to PASCO is a logical step toward a full cooperation between the two companies.
At the same time, and only a few days after the commercial launch of SPOT 7, PASCO selected to be equipped with a SPOT 6/7 DRS, and thus will take full advantage of the Airbus Defence and Space constellation of four optical and two radar satellites. By adding this SPOT 6/7 DRS to its existing Pléiades and TerraSAR-X DRS, PASCO will be able to serve its institutional and commercial clients in the long term, with the highest reactivity and product quality, leveraging the advantages of high and very high-resolution data in optical and radar domains.