TSX:MDAAerospace & Defense
MDA Space (TSX:MDA) Buys CLS To Build A Bigger Geointelligence Business
MDA Space (TSX:MDA) has agreed to acquire a majority stake in Collecte Localisation Satellites (CLS), a global provider of AI-driven Earth observation data analytics.
The deal significantly expands MDA Space's geointelligence and satellite data capabilities and adds a large analytics-focused operation to its portfolio.
CLS brings long-standing experience in Earth observation, positioning MDA Space as one of the larger space-based geointelligence providers worldwide.
The transaction is...