MDA Space offers to buy a majority interest in French satellite firm
The deal would give MDA Space control of a geointelligence firm with 14,000 customers and expected 2026 revenue of C$465 million, the company said.
- On Wednesday, MDA Space Ltd. announced a firm offer to acquire approximately 70% of Collecte Localisation Satellites for about €567 million, while concurrently launching a US$712 million bought-deal common share offering.
- MDA Space seeks to create a vertically integrated geointelligence leader by combining upstream satellite assets with CLS's downstream AI-driven analytics, proprietary algorithms, and satellite IoT solutions.
- Underwriters agreed to purchase approximately 20 million common shares at US$35.60 per share, while CLS serves more than 14,000 customers in approximately 150 countries.
- The acquisition is expected to be accretive to adjusted EBITDA and adjusted EPS within the first year, while doubling MDA Space's recurring revenue stream and expanding its global footprint with 40 sites worldwide.
- Completion is expected by the end of 2026 or early 2027, subject to regulatory approvals and French employee consultations, with the Centre national d'études spatiales retaining approximately 30% interest in CLS.
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MDA Space will buy 567-million-euro majority stake in French satellite company
MDA Space is purchasing a controlling stake in Collecte Localisation Satellites (CLS), a French earth observation company, for 567 million euros ($920 million CAD) in cash. The news: Brampton-based MDA announced it will acquire an approximately 70- percent stake in CLS following market close on Wednesday evening. France’s national space agency, Centre national d’études spatiales, will hold the remaining stake. The acquisition will combine MDA’s…
MDA Space Increases Previously Announced Bought Deal Offering of Common Shares
TORONTO, July 09, 2026 (GLOBE NEWSWIRE) -- MDA Space Ltd. (“MDA Space” or the “Company”) (TSX:MDA) (NYSE:MDA), a trusted mission partner to the rapidly expanding global space industry, announced today that it has entered into an amended agreement with a…
MDA Space buys French Earth data analytics company CLS
Canadian company MDA Space is buying a French Earth data analytics company in its second big acquisition in recent weeks, part of wave of mergers and acquisitions in the industry. The post MDA Space buys French Earth data analytics company CLS appeared first on SpaceNews.
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