MDA Space Completes Acquisition of SATIXFY Communications

July 2, 202

 MDA Space Ltd. has completed the previously announced acquisition of SatixFy Communications Ltd. ("SatixFy"), a leader in next-generation satellite communication solutions based on in-house-designed chipsets.

"We are pleased to officially welcome the SatixFy team to MDA Space," said Mike Greenley, CEO of MDA Space. "With the successful completion of the acquisition, our combined team will continue to deliver differentiated technology to further reinforce our satellite systems strategy and competitive advantage as demand for software-defined digital satellite solutions continues to grow."

SatixFy's operations and full technology portfolio will be integrated into the Satellite Systems business area of MDA Space.