MDA Space makes EUR 567 million offer for 70% stake in CLS

MDA Space has made a firm offer to acquire approximately 70% of CLS for EUR 567 million in cash. CNES will retain the remaining 30% stake, while MDA Space will consolidate 100% of CLS's revenue and adjusted EBITDA. The transaction is expected to close by late 2026 or early 2027, with potential debt retirement funding included. CLS serves around 14,000 customers globally.

MDA Space entered a firm offer to buy about 70% of CLS for about EUR 567 million in cash, subject to adjustments. * CNES would retain about 30% of CLS; MDA Space would consolidate 100% of CLS revenue and adjusted EBITDA. * CLS is expected to generate about EUR 286 million of revenue in 2026, supported by about 14,000 customers across roughly 150 countries. * MDA Space may fund about EUR 198 million to retire CLS debt if it cannot be refinanced at closing. * Closing is expected by end-2026 or early 2027; the deal is expected to be accretive within the first year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MDA Space Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607081617PRIMZONEFULLFEED9759277) on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

MDA Space entered a firm offer to buy about 70% of CLS for about EUR 567 million in cash, subject to adjustments. * CNES would retain about 30% of CLS; MDA Space would consolidate 100% of CLS revenue and adjusted EBITDA. * CLS is expected to generate about EUR 286 million of revenue in 2026, supported by about 14,000 customers across roughly 150 countries. * MDA Space may fund about EUR 198 million to retire CLS debt if it cannot be refinanced at closing. * Closing is expected by end-2026 or early 2027; the deal is expected to be accretive within the first year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MDA Space Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607081617PRIMZONEFULLFEED9759277) on July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)