Electronics Weekly
MDA Space – based in Richmond, Canada – will acquire all shares of SatixFy in an all-cash transaction. Paying $2.10 per share, it represents an equity value for SatixFy of approximately $193 million.
Note, however, the deal is still subject to regulatory approval.
MDA Space
According to the companies, the deal involves complementary technology and a rich IP portfolio for end-to-end satellite communications solutions. Specifically, it will help expand offerings for digital LEO and MEO satellites (MDA AURORATM) with SatixFy’s space grade chips and communications systems.
It also adds a highly specialised technical team.
“With this acquisition MDA Space is taking a logical next step to further reinforce our technical differentiation as the global market transitions from analog to digital satellite technology,” said Mike Greenley, CEO of MDA Space.
“Similar to MDA Space, SatixFy is an innovation company at its core, and bringing these two highly skilled teams together adds complementary expertise and technology that will allow us to further enhance our value proposition for current and future customers by providing vertically integrated and differentiated digital satellite solutions.”
SSS
The companies were already working together, and we previously reported MDA’s acquisition of UK-based SatixFy Space Systems (SSS). This digital payload division of SatixFy was sold in September 2023.
At the time, the plan is for the SSS team to collaborate with MDA’s own Satellite Systems business in Canada. This was “to advance MDA’s new digital satellite product offering, adding complementary digital payload expertise and capacity”. Now it is coming back for the whole company.
SatixFy
SatixFy chip’s are specialised for satellite broadband and direct-to-device constellations.
With radiation hardened digital beamformers, they can enable the generation of hundreds of beams, improving satellite performance and decreasing cost.
Image: SatixFy
See also: Airbus supplying largest Sparkwing solar arrays to MDA
