Maxar is selling space robotics company MDA for around $765 million

Satellite industry giant Maxar is selling MDA, its subsidiary focused on space robotics, for $1 billion CAD (around $765.23 million USD), Reuter reports. The purchasing entity is a consortium of companies led by private investment firm Northern Private Capital, which will acquire the entirety of MDA's Canadian operations, which is responsible for the development of the Canadarm and Canadarm2 robotic manipulators used on the Space Shuttle and the International Space Station respectively. Maxar's goal in selling the business is to help alleviate some of its considerable debt, which stood at $3.1 billion as of this past September.

from Yahoo Tech https://ift.tt/39nY79f