In a strategic move during Q2 2024, Neo Space Group (NSG), Saudi Arabia’s foremost commercial space services provider backed by the Public Investment Fund (PIF), has acquired Taqnia ETS, a leading geospatial services company. Now rebranded as NSG Geospatial Services, the acquisition strengthens NSG’s leadership in the space industry, aligning with Saudi Arabia’s Vision 2030.
Taqnia ETS, with over 400 skilled employees and a history of success, brings enhanced geospatial expertise to NSG. By integrating advanced services like geospatial analysis, data management, and visualization, NSG Geospatial Services is positioned to offer cutting-edge solutions across both government and private sectors.
Strengthened Capabilities
This acquisition significantly bolsters NSG’s capabilities, allowing it to deliver more comprehensive geospatial services. “Welcoming Taqnia ETS into the NSG family is a key milestone in our journey to drive innovation in Earth Observation services,” stated Martijn Blanken, CEO of Neo Space Group. “This acquisition enhances our ability to support Saudi Arabia’s goal of becoming a leader in space technology and fosters regional growth.”
With over 130 successful projects under its belt, Taqnia ETS adds a wealth of experience to NSG Geospatial Services. An in-house map production facility and compliance with 14 ISO standards ensure that the company continues to meet global best practices while contributing to the economic development of both government and private sectors in Saudi Arabia.
Empowering Local Talent
“Local talent is at the heart of our success,” said Abdulaziz Al-Farraj, CEO of NSG Geospatial Services. “Our team of homegrown geospatial experts is uniquely positioned to deliver innovative solutions that address both local and global needs, supporting the realisation of Vision 2030.”
By incorporating Taqnia ETS’ capabilities, NSG further solidifies its standing as a leading provider of innovative geospatial and space solutions, not only in Saudi Arabia but also across the broader region.
