Skip to main content

MDA ACQUIRES DIGITAL PAYLOAD DIVISION OF SATIXFY

PR Newswire - Thu Aug 31, 2023

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 AMERICAN: 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.

Read more at prnewswire.com
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).