Geofoto

Geofoto was a Croatian company with 260 employees headquartered in Zagreb, Croatia with subsidiaries in Norway, North Macedonia, Slovenia, Bolivia, Argentina, United Arab Emirates, Czech Republic and United Kingdom. Its main fields are Geomatics activities such as photogrammetry and geographic information systems (GIS). In Croatia it has won a number of business awards.

Geofoto
TypeLLC
IndustryGeomatics
GIS
Aerial photography
Photogrammetry
Cartography
Founded1993
Defunct2017
FateBankruptcy
Headquarters
Zagreb, Croatia
RevenueIncrease €15.39 million (2009)
Number of employees
Increase 260 (September 2010)
Websitewww.geofoto.hr

History

The company was founded in 1993 in Croatia and became the country's first aerial survey service and the lead producer of new topographic maps after the Croatian War of Independence. Exporting activities started in early 2000s (decade) and peaked in 2008 when the company acquired Geodetski zavod Slovenije d.d., the largest Slovenian surveying company for 4.5 million euros,[1] ProCaptura, the Norwegian producer of advanced large format scanners, and Zenit, the largest Macedonian geodetic company.[2]

In February 2010 the European Bank for Reconstruction and Development (EBRD) announced the acquisition of a 9.6% share of Geofoto for 4 million euros,[3][4] estimating the value of the company to €42 million, and projecting its increase to €230 million in seven years.[5] In March 2013, the EBRD has filed a petition for bankruptcy against the company.[6]

After the fall of Croatia's Prime Minister Ivo Sanader, one of the closest friends of company owner Zvonko Biljecki, without his support the company slowly fell apart.[7] In December 2017, company declared bankruptcy.[8]

Fleet and technology

For aerial survey purposes, the company owns four aircraft equipped with Vexcel UltraCamX digital cameras and a LiDAR mapping system IGI LiteMapper 6800-400:

Awards

Geofoto is recipient of several awards in business, technology and humanitarian work. The notable awards include:

References
  1. "Geofoto preuzeo Geodetski zavod Slovenije za 4,5 mil. eura". Poslovni dnevnik (in Croatian). 2008-10-17. Retrieved 2010-11-19.
  2. "Geofoto: Tvrtka koja i u krizi bilježi vrtoglavi rast od 30 posto". Archived from the original on 2011-10-02. Retrieved 2010-09-18.
  3. "Geofoto [EBRD - News and events]". Archived from the original on 2010-09-05. Retrieved 2010-11-13.
  4. "EBRD ulaže četiri milijuna eura u Geofoto".
  5. Marko Ćustić (11 February 2010). "EBRD za 4 milijuna eura postao suvlasnik Geofota" [EBRD buys a stake in Geofoto for 4 million Euros]. Nacional (in Croatian). Archived from the original on 6 April 2012. Retrieved 24 July 2012.
  6. "Croatia: EBRD moves to force Croatia's Geofoto into bankruptcy - media". Polish News Bulletin. 11 March 2013. Retrieved 11 April 2014.
  7. "Priča o (Ne)uspjehu: Geofoto od 180 dana čak 110 u blokadi".
  8. "Croatian: Otvara se stečaj tvrtke Geofoto s dugom od 11,5 milijuna kuna". 1 December 2017. Retrieved 5 April 2017.
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