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MDA ACQUIRES DIGITAL PAYLOAD DIVISION OF SATIXFY
MDA ACQUIRES DIGITAL PAYLOAD DIVISION OF SATIXFY Canada NewsWire F urther...
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[{"type":"text","content":"\n \n \n \n MDA ACQUIRES DIGITAL PAYLOAD DIVISION OF SATIXFY\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n F\n \n \n urther strengthens MDA's digital satellite capability in growing LEO constellation market\n \n \n \n \n \n LONDON\n \n \n ,\n \n \n Aug. 31, 2023\n \n \n /CNW/ - 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\n \n US$40 million\n \n , will help further strengthen MDA's global leadership position in the growing market for digital satellite communications solutions.\n \n \n \n \n \n \n \n \n \n \"The  acquisition of SatixFy's digital payload division advances MDA's satellite systems strategy as we continue to invest and expand in next generation satellite technology and talent to meet growing customer demand,\" said\n \n Mike Greenley\n \n , CEO of MDA. \"MDA and SatixFy have worked together to advance our digital satellite technology solutions and our teams are well acquainted, highly complementary and collaborative. This acquisition is a natural next step in solidifying and strengthening our market position and addressing customer demand as we continue to capitalize on the growth in the Low Earth Orbit (LEO) satellite communication market.\"\n \n \n On closing of the transaction the digital payload division (SSS), based in the\n \n United Kingdom\n \n , will be integrated into\n \n MDA UK\n \n , the company's existing UK subsidiary. The acquisition accelerates MDA's market...