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MDA Space to acquire majority stake in CLS

PUBLIC · MDAJul 08, 2026

Acquiring Company

MDA Space

Acquired Company

Collecte Localis

BramptonToulouseManufacturingHealth CareNon ProfitRoboticsArtificial IntelligenceSatellite Communication

Description

MDA Space Ltd. has announced a firm offer to acquire a majority interest in Collecte Localis, a major player in AI-driven Earth observation services. The transaction involves MDA Space purchasing approximately 70% of CLS for €567 million in cash. This acquisition is expected to enhance MDA Space's capabilities and drive significant growth in revenue and service offerings.

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Company Information

Company

MDA Space

Location

7500 Financial Drive

Brampton, Ontario, Canada

About

MDA Space is a trusted mission partner to the global space industry, specializing in robotics, satellite systems, and geointelligence. With a 55-year+ history of world firsts and more than 450 missions, MDA Space is a leader in communications satellites, Earth and space observation, and space exploration and infrastructure.

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Frequently asked

Who acquired Collecte Localis?

Collecte Localis was acquired by MDA Space, based in Brampton. The deal was reported on July 8, 2026. MDA Space is a trusted mission partner to the global space industry, specializing in robotics, satellite systems, and geointelligence. MDA Space is publicly traded (MDA) and operates in Manufacturing.

When did MDA Space acquire Collecte Localis?

MDA Space's acquisition of Collecte Localis was reported on July 8, 2026. MDA Space Ltd. has announced a firm offer to acquire a majority interest in Collecte Localis, a major player in AI-driven Earth observation services. The transaction involves MDA Space purchasing approximately 70% of CLS for €567 million in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Collecte Localis do?

Collecte Localis (CLS) is a leading provider of AI-driven Earth observation and satellite IoT solutions. Founded in 1986, CLS has continuously innovated in space-based monitoring and sustainable resource management. It is privately held, operating in Artificial Intelligence, and is based in Toulouse.

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