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