Maxar unit acquires Neptec Design Group

|About: Maxar Technologies Inc (MAXR)|By:, SA News Editor

MDA, now part of Maxar (NYSE:MAXR), has acquired Neptec Design Group, maker of Light Detection and Ranging (LIDAR) equipment, for C$42M.

The former MacDonald, Dettwiler and Associates added the equipment maker in a deal comprising C$8M in cash with the balance in Maxar shares.

The deal provides the opportunity to market end-to-end robotics systems with an eye to capture growth in space exploration markets.

It's accretive to Maxar EPS starting in 2019, the company says.

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