Neptec, now part of Maxar Technologies, is a Canadian company specializing in advanced electro-optical and electro-mechanical systems. They are known for their expertise in developing space-qualified LiDARs, cameras, and vision systems used for robotic arms, planetary rovers, and spacecraft rendezvous and docking. Neptec's technology has been featured on the International Space Station, Space Shuttle missions, and is involved in upcoming lunar missions with partners like NASA, ESA, and the Canadian Space Agency (CSA).
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MDA’s acquisition of the Neptec Design Group and its UK subsidiary integrated 3D space LiDAR sensor technology into MDA’s space robotics and commercial sensor portfolio.
MDA acquired the Neptec Design Group and its UK subsidiary in July 2018.
All of Neptec, purchased by Maxar in 2018, is now part of MDA in its vision, systems and sensors group within the robotics and space operations business.
Maxar purchased Canadian robotics specialist Neptec for $32,000,000.
Maxar Technologies acquired the Neptec Design Group for $32,000,000.
Neptec developed the lidar and infrared sensors with funding from the UK Space Agency.
In April the Canadian Space Agency awarded Neptec a CA$11,900,000 contract to develop a new vision system for the International Space Station that would allow the station’s Dextre robotic arm to monitor for external damage.
Maxar Technologies purchased Neptec on 2018-07-16 for 42 million Canadian dollars (CA$42,000,000 or about $32,000,000).
Maxar paid for Neptec using roughly CA$8,000,000 in cash and CA$34,000,000 of common shares.
The CA$42,000,000 acquisition will fold Neptec’s 100 employees into Maxar’s Vancouver, Canada-based MDA division.
Neptec supplied Canadian Space Agency-funded instruments for the International Space Station.