MDA Space Enters into Firm Offer to Acquire Collecte Localisation Satellites (“CLS”), a Global Leader in AI-Driven Earth Observation Data Analytics
MDA Space announced a firm offer to acquire a 70% stake in CLS for C$920 million (€567 million) in cash, a move expected to double its recurring revenue and create a vertically integrated geointelligence leader. The acquisition adds over 14,000 customers across 150 countries and 1,200 employees to MDA's footprint, with CLS projected to generate C$465 million in revenue in 2026 and be immediately accretive to Adjusted EBITDA and EPS.
Key figures
- Target customers
- 14000
- Target employees
- 1200
- Purchase price cad
- 920000000
- Purchase price eur
- 567000000
- Target debt assumption eur
- 198000000
- Target ebitda margin expected
- 18% to 20%
- Target expected 2026 revenue cad
- 465000000
- Target expected 2026 revenue eur
- 286000000
AI analysis
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