Insider Brief
- MDA Space is set to acquire SatixFy in an all-cash transaction valued at approximately US$193 million.
- MDA Space has agreed to acquire all outstanding shares of SatixFy for US$2.10 per share, representing a 75% premium over SatixFy’s closing price as of March 31, 2025, and a 52% premium over the 30-day volume-weighted average price of the stock.
- The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals.
MDA Space has announced its plans to acquire SatixFy Communications Ltd. in an all-cash transaction valued at approximately US$193 million. This acquisition is expected to enhance MDA Space’s capabilities in the expanding satellite communications sector. Once finalized, the deal will bring SatixFy’s advanced chipsets, satellite communication systems, and a strong patent portfolio under MDA’s umbrella, bolstering its end-to-end satellite solutions.
Founded in 2012, SatixFy is known for its cutting-edge semiconductor technologies that support satellite broadband and direct-to-device constellations. Their innovative digital beamformers allow satellites to generate hundreds of beams, improving performance and reducing costs. SatixFy’s portfolio includes space-grade chips, gateways, and antennas, which are essential for next-generation satellite systems.
Mike Greenley, CEO of MDA Space, highlighted the strategic importance of the acquisition. “With this acquisition, MDA Space is taking a logical next step to reinforce our technical differentiation as the global market transitions from analog to digital satellite technology,” he stated. The transaction, once completed, will integrate SatixFy’s technology with MDA’s existing capabilities, particularly in digital Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) satellites, such as the MDA AURORA series.
The satellite communications market is seeing rapid growth, driven by demand for broadband services, direct-to-device connectivity, and IoT applications. Industry forecasts suggest that by 2032, 89% of all new communications satellites will feature software-defined technology. By acquiring SatixFy, MDA Space will be well-positioned to tap into this expanding market, gaining access to an IP portfolio with over 60 patents.
Nir Barkan, CEO of SatixFy, expressed confidence in the deal. “Joining MDA Space marks a significant milestone in our journey. It will provide the scale, resources, and stability needed to continue delivering groundbreaking solutions.”
According to the announcement, MDA Space has agreed to acquire all outstanding shares of SatixFy for US$2.10 per share, representing a 75% premium over SatixFy’s closing price as of March 31, 2025, and a 52% premium over the 30-day volume-weighted average price of the stock. The total value of the transaction, including the assumption of SatixFy’s existing debt, amounts to approximately US$269 million. This amount covers the purchase price and will also address SatixFy’s debt of approximately US$76 million, which MDA intends to retire immediately upon closing.
The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals.
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