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MDA Ltd. completed 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 digital satellite product offering.
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).
MDA is spending $40,000,000 to buy SatixFy Space Systems UK Ltd.
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.
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.
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).
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.
SatixFy of Israel built JoeySat’s payload with support from the European Space Agency and the UK Space Agency for assembly by Airbus OneWeb Satellites.
JoeySat is part of End-to-End system validations that will test features including 0.005 kg pilot tests in collaboration with University of Surrey UK, Celestia UK, and Satixfy UK.
SatixFy Communications develops next-generation satellite communication systems based on in-house developed chipsets.
Presto Engineering provides services to test and qualify SatixFy’s radiation-hardened ASICs for deployment in space.
Charlie Bloomfield is the CEO of SatixFy Space Systems.
Presto Engineering offers automated production test solutions and long-term production services for SatixFy’s Sx4000 and PRIME2 ASIC products.
SatixFy’s PRIME2 is a digital beamformer ASIC designed for massive MIMO antennas in space and multi-beam LEO/GEO aeronautical antennas.