News & Press: Industry News

NPC moves to acquire MDA in $1 billion deal

January 8, 2020   (0 Comments)
Posted by: Natasha Gagnon
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On December 30, a consortium led by Northern Private Capital (NPC), a Toronto-based investment firm, reached a definitive agreement to acquire MDA from Maxar Technologies for $1 billion.

Upon closing, MDA’s corporate headquarters will return to Canada, after Maxar in January 2019 completed its U.S. domestication of MDA.

Founded in British Columbia in 1969, MDA, formerly MacDonald, Dettwiler and Associates, was Canada’s largest space technology developer and manufacturer for decades.