SatixFy Acquisition Finalized: To Be Integrated into MDA’s Satellite Division

11 July, 2025

Canadian satellite manufacturer MDA Space has completed its acquisition of SatixFy, an Israel- and UK-based developer of digital satellite communication technologies, in a deal valued at approximately $356 million

[Above: Assembly of an Aurora satellite at MDA’s manufacturing facility in Montreal]

The sale of SatixFy, headquartered in both Rehovot, Israel and the UK, to Canadian space technology company MDA Space, has been finalized. In the coming days, SatixFy’s shares will be delisted from the New York Stock Exchange, and all of its employees and operations will be integrated into MDA’s Satellite Systems division. The total value of the deal amounts to approximately $356 million, comprising a $280 million company valuation and $76 million in assumed debt that MDA has committed to cover. This follows a prior acquisition in September 2023, when MDA purchased SatixFy’s UK-based Digital Payload Division for around $40 million.

Founded in 2012 by the late Yoel Gat, SatixFy has invested around $270 million in developing ASIC and RFIC chips for advanced digital satellite communication. Of that, approximately $75 million came from grants from the UK Space Agency. The company’s chips support cutting-edge technologies such as electronically steered multibeam antennas, beamforming, beam-hopping, and software-defined radio (SDR) modems. SatixFy holds 60 registered and pending patents and currently employs about 165 people.

From Crisis to Acquisition

The company faced a major downturn in 2022, with a 50% drop in sales. Although revenues recovered in 2024, SatixFy continued to post net losses and rising debt. In Q1 2025, revenue rose 158% year-over-year to $4.9 million, but the company still reported a net loss of $10.3 million. Notably, only about $900,000 came from product sales—the rest was generated from R&D services and custom projects, reflecting the company’s unique positioning in the market.

Canada’s Rising Space Power

SatixFy’s technology targets the fast-growing Software-Defined Digital Satellite (SDDS) market. A recent report by NSR estimated that by the end of this decade, 89% of all new communication satellites will rely on SDDS technology. The acquisition positions MDA to compete more aggressively in this evolving segment.

Founded in 1969, MDA initially provided robotic systems to NASA. Over the years, the company underwent several transformations, including an unsuccessful attempt to relocate to the U.S. to compete for American government contracts.

Now headquartered in Montreal, MDA employs about 3,400 people. Its 2024 revenue totaled $1.1 billion, and it projects $1.5–1.65 billion in 2025. Roughly 60% of MDA’s revenue comes from MEO/LEO satellite manufacturing, 23% from robotic arms and space systems, and the remaining 17% from analytics services and ground station support for Earth observation satellites.

MDA’s flagship product is the Aurora digital satellite line, which will now directly benefit from SatixFy’s technology. Among other contracts, MDA is currently producing 198 Aurora satellites for Telesat Canada’s Lightspeed program, under a deal valued at approximately $2.4 billion.

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Posted in: Deals and Investments , News , Telecom and Communication

Posted in tags: M&A , MDA , SatixFy

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