Maxar Technologies Has Just Bought the Neptec Design Group for $42Mln CDN
By Henry Stewart Brampton, ON based MDA , the Canadian subsidiary of the Denver CO based Maxar Technologies , a company once known as Richmond BC based MacDonald, Dettwiler and Associates, has acquired Kanata ON based Neptec Design Group , in a deal valued at $42Mln CDN. As outlined in the July 16th, 2018 Maxar Technologies press release, " Maxar Technologies' MDA Announces Acquisition of Neptec Design Group, a Leading Space Sensors Company in Canada and the United Kingdom ," $8Mln CDN will be paid out in cash, with the balance paid out in Maxar common shares. According to the press release: With Neptec, MDA will deliver end-to-end robotic systems and an expanded set of solutions, positioning the company to capture growth in US, Canadian and global space exploration markets and accelerate advancement into new and expanding space segments. The transaction is accretive to Maxar's operating earnings per share beginning in 2019, solid...