MDA Space Enters into Firm Offer to Acquire Collecte Localisation Satellites (“CLS”), a Global Leader in AI-Driven Earth Observation Data Analytics
TORONTO, July 08, 2026 (GLOBE NEWSWIRE) -- MDA Space Ltd. (TSX:MDA) (NYSE:MDA) (“MDA Space” or the “Company”), a trusted mission partner to the rapidly expanding global space industry, today announced that it has entered into a firm and irrevocable offer to acquire a majority interest in CLS (the “Transaction”), a global leading provider of AI-driven Earth observation value-added services and satellite IoT solutions. With more than 14,000 customers in approximately 150 countries, CLS is expect
TORONTO, July 08, 2026 (GLOBE NEWSWIRE) -- MDA Space Ltd. (TSX:MDA) (NYSE:MDA) (“MDA Space” or the “Company”), a trusted mission partner to the rapidly expanding global space industry, today announced that it has entered into a firm and irrevocable offer to acquire a majority interest in CLS (the “Transaction”), a global leading provider of AI-driven Earth observation value-added services and satellite IoT solutions. With more than 14,000 customers in approximately 150 countries, CLS is expected to generate approximately €286 million (C$465 million) in revenue in 2026.
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