MDA ACQUIRES DIGITAL PAYLOAD DIVISION OF SATIXFY
Further strengthens MDA's digital satellite capability in growing LEO constellation market
LONDON, Aug. 31, 2023 /PRNewswire/ - MDA Ltd. (TSX:MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE:SATX), and other strategic considerations. The transaction, valued at US$40 million, will help further strengthen MDA's global leadership position in the growing market for digital satellite communications solutions.
