MDA Space to acquire 70% of French EO analytics firm CLS in $647M deal
MDA Space will purchase a 70% majority stake in Collecte Localisation Satellites (CLS), strengthening a vertically integrated Earth observation-to-geo-intelligence data pipeline. The agreement values the transaction at $647M (567 million euros) with CNES retaining 30%, and follows an upsized US$819M bought-deal financing to fund the acquisition.