Divestiture • Communications

MDA Space Acquires SatixFy Space Systems

On August 31, 2023, MDA Space acquired communications company SatixFy Space Systems from SatixFy for 40M USD

Acquisition Context
  • This is MDA Space’s 1st transaction in the Communications sector.
  • This is MDA Space’s 2nd largest (disclosed) transaction.
  • This is MDA Space’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date August 31, 2023
Target SatixFy Space Systems
Sector Communications
Buyer(s) MDA Space
Sellers(s) SatixFy
Deal Type Divestiture
Deal Value 40M USD

Target Company

SatixFy Space Systems

Farnborough, United Kingdom
SatixFy Space Systems provides digital payload services.
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Buyer Overview 1

Buyer

MDA Space

Brampton, Ontario, Canada

Category Company
Founded 1969
Sector Technology Hardware
Revenue 1.1B CAD (2024)
DESCRIPTION

MDA Space is a space technology company delivers space robotics, radar satellite technology and satellite components. MDA Space was founded in 1969 and is based in Brampton, Ontario.


Deal Context for Buyer #
Overall 1 of 2
Sector: Communications 1 of 2
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 MDA - Nuclear Assets

Brampton, Ontario, Canada

MDA's Nuclear Assets offers complex project planning and management for large nuclear outages and refurbishment projects, including experience in nuclear outage tooling. MDA's Nuclear Assets, based in Brampton, Ontario.

Sell -

Seller Profile 1

SELLER

SatixFy

Rehovot, Israel

Category Company
Founded 2012
Sector Communications
Employees135
Revenue 11M USD (2023)
DESCRIPTION

SatixFy develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. SatixFy’s products include modems that feature Software Defined Radio (SDR) and Fully Electronically Steered Multi Beam Antennas (ESMA) that support the advanced communications standard DVB-S2X. SatixFy was founded in 2012 and is headquartered in Rehovot, Israel.


Deal Context for Seller #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Divestiture 1 of 1
Country: United Kingdom 1 of 1
Year: 2023 1 of 1
Size (of disclosed) 1 of 1