On April 1, 2025, MDA Space Ltd. (TSX: MDA) announced a definitive agreement to acquire all outstanding shares of SatixFy Communications Ltd. (NYSE American: SATX) in an all-cash transaction initially valued at approximately US$269 million (C$387 million). The purchase price of US$2.10 per share, a 75% premium to SatixFy’s March 31 closing price, equated to an equity value of about US$193 million. Following a 45-day go-shop period that brought in a higher bid, MDA raised the offer to US$3.00 per share, increasing the final equity value to approximately US$280 million (C$403 million).

The transaction, unanimously approved by both companies’ boards and a SatixFy special committee, received support from shareholders representing roughly 57% of shares. It closed on July 2, 2025. MDA also retired US$76 million (C$109 million) of SatixFy’s debt at closing.

SatixFy, founded in 2012 and based in Israel, develops advanced chipsets and digital systems for satellite communications, with more than US$270 million invested in R&D and over 60 patents. The company reported US$4.9 million in Q1 2025 revenue. Its operations and full technology portfolio are now integrated into MDA’s Satellite Systems business to support digital satellite systems, including the Aurora platform for Telesat Lightspeed.

Citi and Norton Rose Fulbright Canada LLP advised MDA Space. TD Cowen, Goldfarb Gross Seligman & Co., and Sullivan & Worcester LLP advised SatixFy. SatixFy’s shares are expected to be delisted from the NYSE American.