MDA Space to Buy 70% of France’s CLS for About €567 Million

Overview

• The transaction, announced Wednesday, July 8, 2026, is a firm, irrevocable offer for roughly €567 million in cash for about 70% of Collecte Localisation Satellites (CLS).
• MDA says the acquisition will let it combine upstream satellite manufacturing and services with CLS’s downstream AI‑driven Earth‑observation analytics to create a vertically integrated geointelligence business.
• MDA projects the deal will be accretive to adjusted EBITDA and adjusted EPS within a year and could roughly double its recurring revenue stream, with MDA consolidating 100% of CLS revenue on closing while CNES would retain about 30%.
• Committed financing has been secured from BMO, RBC and Scotiabank and financial advisers have been engaged, but the deal still requires regulatory approvals, mandatory French employee consultations and possible refinancing of CLS debt of up to about €198 million.
• CLS brings roughly 1,200 employees across about 40 sites, more than 14,000 customers in roughly 150 countries and a 2026 revenue outlook near €286 million, a scale that would materially expand MDA’s global channels and customer base.