UPDATE April 2: This story was updated to reflect Satixfy's better-than-expected full-year 2024 results, published after MDA Space's announcement that it was purchasing Satixfy.
LA PLATA, Maryland — Canada’s MDA Space is purchasing Israel-based Satixfy Communications Ltd., a designer/builder of satellite computer chips and already an MDA supplier, for 13 times Satixfy’s 2024 revenue and a 52% premium over where Satisfy’s stock traded in the 30 days ending March 31.
MDA said the transaction, for $2.10 per . . .
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