MDA acquires Space Systems

MacDonald, Dettwiler and Associates, one of the leading providers of essential information solutions, recently announced that it acquired complete control of Space Systems/Loral, Inc.

MDL acquired the the global market leading provider of commercial communications satellites for $875 million. SS/L is located in Palo Alto, California, and serves a global customer base. The acquisition will make MDA a significant player in commercial communications and give the company "critical mass in the U.S. market," according to a press release.

"Space Systems/Loral's business is fundamentally driven by the worldwide demand for television, digital audio, broadband internet, mobile communications, and voice telephony," said Daniel Friedmann, MDA's president and CEO. "Billions of people around the world depend on these services and demand continues to increase. By acquiring one of the major companies that enable these essential communications services, MDA will move immediately to the forefront of this growing business."

The acquisition will give MDA a chance to meet its goal of gaining a larger and stronger presence in the U.S. market while increasing cost savings.

American Fortune Mergers and Acquisitions CEO Brian Mazar recently identified some keys to prepare an owner before selling a business, which included documenting all company procedures and eliminating liabilities or liens, as well as resolving any outstanding litigation.