Advent International acquired Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a Westminster, CO-based provider of comprehensive space solutions and geospatial intelligence.
The deal values Maxar at an enterprise value of approximately $6.4 billion. Under the terms of the agreement, which has been unanimously approved by Maxar’s Board of Directors, Maxar stockholders will receive $53.00 in cash for each share of common stock they own.
The transaction will support Maxar to accelerate investment in and development of its satellite technologies and data insights for its customers. The company will remain a U.S.-controlled and operated company, following the close. As a private company, Maxar will be able to accelerate investments in next-generation satellite technologies and data insights, as well as pursue select, strategic M&A to further enhance its portfolio of solutions. This includes supporting the delivery of the new Legion satellite constellation, accelerating the launch of Legion 7 and 8 satellites and further growing the Earth Intelligence and Space Infrastructure businesses through investments in next-generation capabilities, such as advanced machine learning and 3D mapping.
Led by CEO Daniel Jablonsky, Maxar Technologies is a provider of comprehensive space solutions and geospatial intelligence. The company delivers value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Maxar Technologies has a team of 4,400 team members in over 20 global locations.
FinSMEs
19/12/2022