Ottawa, Canada – July 2, 2025 – MDA Space Ltd. (TSX:MDA), a prominent provider of advanced technology and services to the global space industry, announced today the successful completion of its acquisition of SatixFy Communications Ltd. (“SatixFy”). The strategic move is set to significantly bolster MDA Space’s capabilities, particularly in the rapidly evolving satellite communications sector.
A Strategic Union in Space Communications
The acquisition brings together MDA Space, known for its comprehensive space technology portfolio, and SatixFy, which the companies describe as a leader in next-generation satellite communication solutions utilizing in-house-designed chipsets. This combination is intended to create a more integrated and competitive offering in the global market.
According to Mike Greenley, CEO of MDA Space, the completion of this acquisition is a critical step in the company’s growth strategy. Mr. Greenley stated that the integration of SatixFy’s expertise and technology enhances the company’s end-to-end satellite offering. This enhancement is seen as crucial for MDA Space to solidify its position and respond effectively to the increasing market demand.
Meeting Demand for Digital Solutions
The acquisition directly reinforces MDA Space’s strategy and competitive advantage in the face of growing demand for software-defined digital satellite solutions. The industry is witnessing a significant shift towards more flexible, software-centric satellite architectures that can adapt to changing user needs and technological advancements more readily than traditional hardware-based systems.
SatixFy’s specialized technology, particularly its in-house-designed chipsets, is expected to play a pivotal role in accelerating MDA Space’s capabilities in this digital transformation. These chipsets are fundamental building blocks for advanced satellite payloads and ground infrastructure, enabling higher throughput, greater flexibility, and more efficient use of spectrum – key requirements for next-generation satellite communication networks.
Integration and Future Outlook
The process of integrating SatixFy’s operations and technology portfolio is now underway. The acquired assets and teams will be integrated into MDA Space’s Satellite Systems business area. This integration is expected to streamline operations, foster technological synergy, and accelerate the development and deployment of new solutions that leverage the combined strengths of both entities.
The integration within the Satellite Systems business area suggests a focus on enhancing the core capabilities of satellite payload design, manufacturing, and in-orbit performance, directly benefiting from SatixFy’s communication technologies. The combined entity aims to provide customers with more sophisticated and cost-effective solutions for complex communication needs, from high-speed internet access in remote areas to specialized government and defense applications.
Procedural Matters
Following the completion of the acquisition, SatixFy’s ordinary shares are expected to be delisted from NYSE American in the coming days. This step is a standard procedure after a company is acquired and taken private or integrated into a larger entity.
Former SatixFy shareholders needing assistance regarding share exchange or other related procedural matters are advised to contact Continental Stock Transfer & Trust. This firm has been designated to handle the administrative aspects of the share transfer process for the former SatixFy shareholders.
Further details of the transaction are available in materials submitted by SatixFy to the United States Securities and Exchange Commission (SEC). These public filings provide comprehensive information regarding the terms, conditions, and financial aspects of the acquisition, offering transparency for stakeholders and interested parties.
This acquisition marks a significant milestone for MDA Space as it continues to expand its technological footprint and strategic capabilities in the competitive global space industry, positioning itself to better serve the increasing demand for advanced, software-defined satellite communication systems.
