Dutch defense company CSG N.V. has acquired a 9.5% stake in MDA Space Ltd., becoming the largest shareholder of the Canadian aerospace company. This is reported in the CSG press release.
CSG sees the strategic investment in MDA Space as a potential strengthening of collaboration between the companies, including joint investments in manufacturing or assembly facilities in Europe and partnerships in strategic assets.
CSG previously acquired assets in SatVu in the UK and Atmos Space Cargo in Germany. The investment is part of the group's long-term strategy in the space sector. In addition, CSG is creating a special space team of specialists in the field of space and technology, defense and national security.
According to analysts, the global space economy will reach $1.8 trillion by 2035, taking into account accelerated investments in space, including $74 billion in global government spending on space defense in 2025.
CSG N.V. is a Dutch holding company for the management of the Czechoslovak Group (CSG) global industrial and technology group, which manufactures defense systems and ammunition. The headquarters is located in Prague (Czech Republic) with operational centers in different countries.
MDA Space is a Canadian aerospace and defense company that develops and manufactures space systems, robotics, satellites, and components for space technology. The headquarters is located in Brampton, Ontario, Canada.
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