{"id":49416,"date":"2025-04-01T23:07:26","date_gmt":"2025-04-01T15:07:26","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/mda-space-to-acquire-satixfy-for-193m-bringing-satellite-chipsets-in-house\/"},"modified":"2025-04-01T23:07:26","modified_gmt":"2025-04-01T15:07:26","slug":"mda-space-to-acquire-satixfy-for-193m-bringing-satellite-chipsets-in-house","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/mda-space-to-acquire-satixfy-for-193m-bringing-satellite-chipsets-in-house\/","title":{"rendered":"MDA Space to Acquire SatixFy for $193M, Bringing Satellite Chipsets In-House"},"content":{"rendered":"<\/p>\n<p><b>MDA Space<\/b> will acquire Israeli satellite tech company <strong>SatixFy Communications<\/strong> for $193 million under an agreement announced on Tuesday to boost its technology portfolio for satellite constellations.&nbsp;<\/p>\n<p>In 2023, MDA Space acquired SatixFy\u2019s digital payload division for $40 million, but SatixFy retained its ASIC development and intellectual property. SatixFy\u2019s technology is a key component of MDA Space\u2019s Aurora satellite platform, which supports the Telesat Lightspeed constellation.&nbsp;<\/p>\n<p>This acquisition will now bring all of SatixFy\u2019s technology portfolio including satellite payload chipsets, gateways, multi-beam digital antennas, user terminals, and modems into MDA Space. Approximately 165 SatixFy employees will join MDA Space as part of the acquisition.&nbsp;<\/p>\n<p>MDA Space CEO Mike Greenley said this will allow MDA Space to provide \u201cvertically integrated and differentiated digital satellite solutions.\u201d&nbsp;<\/p>\n<p>\u201cWith this acquisition MDA Space is taking a logical next step to further reinforce our technical differentiation as the global market transitions from analog to digital satellite technology,\u201d Greenley said in a release.&nbsp;<\/p>\n<p>The deal is structured so that MDA Space will acquire all outstanding shares of SatixFy in an all-cash transaction for $2.10 per share, representing an equity value for SatixFy of approximately $193 million.&nbsp;<\/p>\n<p>This price per share is a 75% premium to SatixFy\u2019s closing price on March 31, 2025 and a 52% premium to its 30-day volume weighted average price as of March 31, 2025.<\/p>\n<p>The deal includes a go-shop clause for SatixFy that gives the company a 45-day period that ends on May 16 to solicit offerings from other parties.&nbsp;<\/p>\n<p>MDA Space also intends to retire SatixFy\u2019s existing debt of approximately $76 million when the deal closes, which represents a total cash consideration of approximately $269 million.&nbsp;<\/p>\n<p>SatixFy reported its 2024 financial results on Tuesday, beating previous guidance with $20.6 million in revenue. SatixFy nearly doubled its revenue in 2024 compared to the prior year with a 92% increase.<\/p>\n<p>However, the company did not meet guidance on gross margin. SatixFy had expected a gross margin of between 70% to 75%, and gross margin in 2024 was 60%.<\/p>\n<p>Net loss for 2024 was $45.7 million, an increase of 54% compared to $29.6 million for 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MDA Space will acquire Israeli satellite tech company SatixFy Communications for $193 million under an agreement announced on Tuesday to boost its technology portfolio for satellite constellations.&nbsp; In 2023, MDA Space acquired SatixFy\u2019s digital payload division for $40 million, but SatixFy retained its ASIC development and intellectual property. SatixFy\u2019s technology is a key component of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49417,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-49416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/49416"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=49416"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/49416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/49417"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=49416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=49416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=49416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}