DigitalGlobe’s WorldView-4 satellite captured this image of Brasilia on Jan. 11, 2017. The company is being acquired by MDA in a $2.4 billion deal announced on Feb. 24, 2017. (Credit: DigitalGlobe)
MacDonald, Dettwiler and Associates (MDA) announced on Feb. 24, 2017, that it will acquire commercial remote-sensing company DigitalGlobe for $2.4 billion, the biggest deal to date in the ongoing consolidation in the Earth-imaging market.
MDA is offering $17.50 in cash and nearly one third of an MDA share per share of DigitalGlobe, for a combined value of $35 per DigitalGlobe share. That deal values DigitalGlobe at $2.4 billion, plus the assumption of $1.2 billion in DigitalGlobe debt. The boards of both companies have approved the deal, which they expect to close in the second half of 2017.
Following a thorough review of strategic alternatives, we believe that joining forces with MDA will enable us to deliver more value to our customers, expand opportunities for our team members and maximize value for shareowners, Jeffrey Tarr, president and chief executive of DigitalGlobe, said in a statement about the acquisition.
