Mergers & Acquisitions ·
Intermap Technologies Corporation agreed on July 28, 2026, to acquire all outstanding shares of PCI Geomatics Group…
ITMSFIntermap Technologies Corp
Intermap Technologies Corporation agreed on July 28, 2026, to acquire all outstanding shares of PCI Geomatics Group Inc. for $11,000,000 in cash. The transaction is structured as a court-approved plan of arrangement under the Canada Business Corporations Act and requires approval from at least two-thirds of PCI shareholders voting together as a class, excluding related-party votes, as well as Ontario Superior Court approval. Intermap already owned all Series B preferred shares and 3.3% of PCI common shares. June McAlarey will remain President and CEO of PCI while also serving as an Executive Vice President at Intermap. The deal includes $150,000 held in escrow for transaction expenses and $1,100,000 for indemnity obligations. Closing is subject to customary conditions and must occur by November 30, 2026. Intermap Technologies Corporation operates in the geospatial technology industry, providing remote sensing software development and analytics.