MDA Space to acquire 70% of French EO/geo-intelligence firm CLS in €567M deal, vertically integrating radar satellite data with
MDA Space will purchase a 70% majority stake in French data analytics and geo-information company Collecte Localisation Satellites (CLS) from CNES, in a €567 million transaction (about $647 million). MDA also plans to raise US$819 million via an upsized bought deal to fund the acquisition, positioning the combined company as a top global space-based geointelligence provider.