MDA Space to buy Israeli satellite communication chip company SatixFy

News Room
By News Room 2 Min Read

BRAMPTON, Ont. – MDA Space Ltd. has signed a deal to buy Israeli company SatixFy Communications Ltd., a maker of chips for satellite communication systems.

Under the deal, MDA Space will pay US$2.10 per share in cash and plans to retire SatixFy’s existing debt of about US$76 million immediately upon closing, for a total cash consideration of about US$269 million or C$387 million.

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