MDA Space makes firm offer for satellite data firm CLS

What's the deal? MDA SpaceDealroom has a profile for this one. Try Dealroom → has entered into a firm offer to acquire Collecte Localisation Satellites (CLS), a global provider of AI-driven Earth observation data analytics.

What does CLS do? CLS specialises in analysing Earth observation data, applying AI to satellite information. The company operates globally in the space data services market.

The signal: The move points to continued consolidation in the space sector, as established players expand from hardware and satellites into higher-margin data analytics and AI services.

Read more: The Canadian Business Journal

Image credit: Atmospheric Infrared Sounder