• Creates one of the largest space-based Geointelligence businesses in the world
  • Expands MDA Space global footprint with addition of 40 sites in 19 countries
  • Vertically integrates upstream satellites and near-real time data services with downstream AI-driven analytics
  • Accelerates global distribution for MDA CHORUS™ through a global direct sales network
  • Expects to double recurring revenue stream for MDA Space while delivering growth, profitability and strong cash generation
     

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.

Pursuant to the Transaction, at completion, MDA Space would acquire an approximately 70% interest in CLS from the shareholders of CLS’s parent company, for approximately €567 million (C$920 million) in cash (subject to adjustments). The Centre national d'études spatiales ("CNES"), the French space agency, would retain an approximately 30% interest in CLS.

Existing and next generation MDA Space investments in Earth and space observation assets, ground stations and associated data and analytics seamlessly complement core monitoring and forecasting applications pioneered by CLS.