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Business/Financial

Maxar Completes Sale Of MDA To Private Equity Firm

By Cal Biesecker

Thursday, April 9th, 2020

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Maxar Completes Sale Of MDA To Private Equity Firm

Maxar President and CEO Dan Jablonsky. Photo: Maxar Technologies

The Earth imagery and space technology company Maxar Technologies [MAXR] on Wednesday said it has completed the $765 million sale of its Canada-based space business MDA to a consortium of investors led by Toronto-based Northern Private Capital. Maxar, which is cased in Colorado, in December announced its plan to divest MDA to reduce its debt and improve its capital structure. “The closing of the MDA transaction concludes the near-term reshaping of our balance sheet and business portfolio,” Dan Jablonsky, CEO…

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