SatixFy is a satellite communication systems company that develops next-generation solutions, including multi-beam digital antennas, user terminals, and modems, based on its in-house designed chipsets. They provide advanced ASICs (Application-Specific Integrated Circuits) that improve satellite communication performance and reduce the weight and power requirements of equipment. SatixFy's technology supports LEO, MEO, and GEO satellite communications and partners with companies like MDA Space and OneWeb. Their solutions cater to various mobile applications, including in-flight connectivity and communications-on-the-move services.
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SatixFy reported $8,900,000 in revenue for the nine months ending 2023-09-30, a 31% year-on-year increase.
In August 2023 SatixFy sold a subsidiary that builds antennas and other satellite systems and subsystems to Canadian space hardware specialist MDA to focus on payload chips for the low Earth orbit constellation market.
MDA completed the acquisition of the UK-based digital payload division of SatixFy Communications Ltd. in October 2023.
MDA completed the acquisition of the UK-based digital payload division of SatixFy Communications Ltd. in October 2023.
MDA closed its acquisition of SatixFy Space Systems UK Ltd on 2023-10-31.
The SatixFy Space Systems UK Ltd. team will collaborate with MDA’s Satellite Systems business in Montreal to advance MDA’s new digital satellite product offering.
MDA completed the acquisition of SatixFy Space Systems UK Ltd., the digital payload division of SatixFy Communications Ltd.
The SatixFy Space Systems UK Ltd. team will collaborate with MDA’s Satellite Systems business in Montreal to advance MDA’s digital satellite product offering.
MDA Ltd. completed its acquisition of SatixFy Space Systems UK Ltd. on 2023-10-31.
The transaction for MDA's acquisition of SatixFy Space Systems UK Ltd. is valued at US$40,000,000.
MDA signed a definitive agreement to acquire SatixFy Space Systems UK Ltd., the digital payload division of SatixFy Communications Ltd., and other strategic considerations.
MDA Ltd. (TSX:MDA) signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE AMERICAN: SATX).
SatixFy plans to sell its satellite payload subsidiary to MDA as part of a $60,000,000 strategic transaction announced on 2023-08-31.
The transaction to acquire SatixFy Space Systems UK Ltd. is valued at US$40,000,000.
MDA Ltd. (TSX: MDA) has signed a definitive agreement to acquire SatixFy Space Systems UK Ltd. (SSS), the digital payload division of SatixFy Communications Ltd. (NYSE AMERICAN: SATX).
MDA is spending $40,000,000 to buy SatixFy Space Systems UK Ltd.
As part of the SatixFy transaction, MDA agreed to make $20,000,000 in advanced payments for chips used in satellites and ground systems that SatixFy intends to focus on.
The transaction to acquire SatixFy Space Systems UK Ltd. is valued at $40,000,000.
Using Quantic X-Microwave’s modular RF and microwave building blocks reduced SatixFy’s development time by more than 50%.
SatixFy Communications develops next-generation satellite communication systems based on in-house-developed chipsets.