(Reuters) – U.S. satellite imagery company, Maxar Technologies Inc. said on Monday it would be the sale of the space robotics company, to a consortium led by the Northern part of the Private Capital (NPC) for C$1 billion ($765.23 million), in an attempt to ease her guilt.
The sale of the company, which is called MacDonald’s, Apparently, and Associates (MDA), the MDA’s Canadian operations.
“This transaction, combined with the recently completed sale of real property in Palo Alto, reduces the Maxar and the total amount of more than $1 billion,” said the company’s Chief Financial Officer, Biggs Porter. As of September, Maxar had a total debt of $3.1 billion.
MDA, which has helped to construct, which is part of the International Space Station, and will operate as a stand-alone company within the NPC, the portfolio as a result of the transaction.
Reuters first reported that the Maxar was exploring the sale of its space robotics and business, in the month of June.
MDA has changed its name to Maxar technology in 2017, following the acquisition of the US-based DigitalGlobe, the same year.
MDA, which started in the basement of a Vancouver home, it makes the defense and marine systems), radar, spatial, images, space, robots, and satellite antennae and communications sub-systems.
With its head office in Westminster, Colorado, usa, Maxar has been specializing in the satellite and the Earth, and geospatial technologies, data, and analytics.
Reporting Amal in Bengaluru; Editing by Shinjini Ganguli