Canadarm maker to buy satel­lite imag­ing com­pany in $4.7B deal

The Hamilton Spectator - - BUSINESS - THE CANA­DIAN PRESS

Canada’s leader in space tech­nol­ogy, Mac­Don­ald, Det­twiler and As­so­ci­ates Ltd., will buy Colorado-based Dig­i­talGlobe, Inc. in a friendly deal val­ued at about $4.7 bil­lion, in­clud­ing debt.

Van­cou­ver-based MDA — which has sup­plied ro­bot­ics for the In­ter­na­tional Space Sta­tion, the Canadarm for the U.S. Space Shut­tle pro­gram and satel­lite-based Earth im- ag­ing — is of­fer­ing cash and stock worth $35 US per share.

The com­bined com­pany will have about 4,600 em­ploy­ees in the United States and will con­tinue to em­ploy more than 1,800 in Canada.

“This com­bi­na­tion has the scale, re­sources and tech­nol­ogy to serve the large and in­creas­ingly com­plex needs of gov­ern­ment and com­mer­cial cus­tomers glob­ally,” MDA pres­i­dent and CEO Howard Lance said in a joint state­ment.

Dig­i­talGlobe’s CEO, Jeffrey Tarr, said that the deal with MDA will po­si­tion his com­pany “to reach its next phase of growth and pro­vide greater op­por­tu­ni­ties for our team mem­bers by be­ing part of a larger, more di­ver­si­fied com­pany.”

Mac­Don­ald, Det­twiler says the com­bined com­pany will pro­vide a full range of space-re­lated ca­pa­bil­i­ties, in­clud­ing com­mu­ni­ca­tions and Earth ob­ser­va­tion satel­lites, ground sta­tions and ro­bot­ics.

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