US EditionMDA SPACE TO ACQUIRE SATIXFY COMMUNICATIONS
- MDA Space announced on April 1, 2025, it will acquire SatixFy in an all-cash transaction.
- MDA Space aims to enhance its technical capabilities as the market shifts to digital satellite technology.
- MDA Space will acquire all outstanding SatixFy shares for US$2.10 per share, a 75% premium.
- The deal's total cash consideration is approximately US$269 million, which includes retiring SatixFy's US$76 million debt.
- The Boards approved the deal, expecting it to close in Q3 2025, pending regulatory approvals and customary conditions.
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MDA Space buys SatixFy to boost constellation production
Canada’s MDA Space announced plans April 1 to buy Israeli satellite chipmaker SatixFy in a $269 million deal to further vertically integrate its constellation manufacturing capabilities. The post MDA Space buys SatixFy to boost constellation production appeared first on SpaceNews.
·Mojave, United States
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The Globe & Mail+3 Reposted by 3 other sources
MDA Space to buy Israeli satellite communication chip company SatixFy
MDA Space will pay US$2.10 per share in cash and plans to retire SatixFy’s existing debt of about US$76-million immediately upon closing, for a total cash consideration of about US$269-million
·Canada
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C 43%
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