MDA Space Ltd. entered a merger agreement on April 1, 2025, to acquire Satixfy Communications Ltd. (SATX) in an all-cash deal valued at $269 million, including debt.
Under the terms of the agreement, MDA Space will acquire all outstanding ordinary shares of SatixFy for $2.10 in cash per share, representing a premium of 75% from the stock’s last close.
SatixFy is an Israel-based developer of next-generation satellite communication systems, specializing in advanced chipsets, modems, and electronically steered multi-beam antennas for satellite payloads, user terminals, and mobile applications across LEO, MEO, and GEO orbits.
MDA Space is a Canadian space technology company specializing in robotics, satellite systems, and geointelligence, with over 55 years of experience and participation in more than 450 missions worldwide.
The transaction is expected to boost MDA Space’s adjusted earnings by 2027. It is also projected to achieve cost savings within 12 months of closing, which is expected in the third quarter of 2025.
TD Cowen served as the financial advisor, while Goldfarb Gross Seligman and Sullivan & Worcester provided legal counsel to Satixfy. Meanwhile, Citi advised MDA Space on financial matters, with Norton Rose Fulbright Canada acting as its legal counsel.
The agreement sees MDA Space paying 15.9 times sales for Satixfy.
For more comprehensive insights regarding this merger and acquisition, visit the Deal Metrics page at:
Deal Metrics for the acquisition of Satixfy Communications Ltd. (SATX) by MDA Space Ltd.
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Editor’s Note: Baranjot Kaur contributed to this article