MDA Space, a leading provider of advanced technology and services to the rapidly expanding global space industry, announced that it has completed the previously announced acquisition of SatixFy Communications (“SatixFy”), a leader in next-generation satellite communication solutions based on in-house-designed chipsets.
“We are pleased to officially welcome the SatixFy team to MDA Space,” said Mike Greenley, CEO of MDA Space. “With the successful completion of the acquisition, our combined team will continue to deliver differentiated technology to further reinforce our satellite systems strategy and competitive advantage as demand for software-defined digital satellite solutions continues to grow.”
SatixFy’s operations and full technology portfolio will be integrated into the Satellite Systems business area of MDA Space.
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Information for Former SatixFy Shareholders
SatixFy’s ordinary shares are expected to be de-listed from NYSE American in the coming days. Former SatixFy shareholders who have questions or who require assistance with exchanging their ordinary shares in connection with the Transaction may contact Continental Stock Transfer & Trust toll free at (800) 509-5586 (North America) or (212) 509-5586 (outside North America), or by email at. Full details of the Transaction are set out in the proxy statement and other relevant materials submitted by SatixFy to the United States Securities and Exchange Commission.
SOURCE: PRNewswire