Home / M&A Activity / MDA Closes Estimated $3.6B DigitalGlobe Buy to Create ‘Maxar Technologies’

MDA Closes Estimated $3.6B DigitalGlobe Buy to Create ‘Maxar Technologies’

MacDonald, Dettwiler and Associates has closed its approximately $3.6 billion acquisition of DigitalGlobe to create a new company that will work to provide integrated satellite, imagery and geospatial services to the commercial and government markets.

MDA said Thursday the newly combined entity will be renamed Maxar Technologies Ltd. and temporarily trade on the New York Stock Exchange as “MDA” before shifting to “MAXR” on NYSE and the Toronto Stock Exchange next week.

The company added U.S.-based operating company SSL MDA Holdings will be called Maxar Technologies Holdings.

Howard Lance, president and CEO of MDA, said Maxar will seek to utilize the increased scale, diversified revenue base and integrated sales channels from the combination of MDA and DigitalGlobe.

Lance will take the same leadership roles at Maxar, which will continue to use the space technology brands of MDA, DigitalGlobe, Space Systems Loral and Radiant before the rollout of new corporate branding by the end of the year.

Daniel Jablonsky, general manager of the U.S. and international defense and intelligence businesses at DigitalGlobe, will serve as president of that unit within Maxar.

Tony Frazier, senior vice president of services at DigitalGlobe, will assume the role of president at Radiant Solutions, a Maxar business unit that combines MDA Information Systems and DigitalGlobe Radiant.

Check Also

Capital One Agrees to Acquire KippsDeSanto & Co.; Bob Kipps, Kevin DeSanto Quoted

Capital One has signed an agreement to acquire KippsDeSanto & Co., an investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies, Capital One announced on Monday

ULA to Support Astrobotic’s Lunar Payload Delivery Mission With NASA; Tory Bruno Quoted

Space robotics technology maker Astrorobotic has partnered with United Launch Alliance to help send a lunar lander to the moon sometime in 2021 using a ULA-built Vulcan Centaur rocket.