MDA Space to buy 70% of established & growing French geo-intelligence firm CLS for $647M; CNES keeps 30%

by Peter B. de Selding

TUPPER LAKE, NY — Canada’s MDA Space is purchasing 70% of French Earth observation data analytics company CLS to create a vertically integrated geo-information company that pairs MDA’s radar satellite expertise with CLS’s profitable and growing global geo-information business

Three weeks after purchasing US satellite and component builder Blue Canyon Technologies for $620 million to gain access to the US defense market, MDA its CLS purchase, for 567 million euros ($647 million) will give it better access in Europe with the French . . .

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