Czech defence company CSG has acquired a 9.5 per cent stake in MDA Space Ltd., making it the largest shareholder in the Canadian space technology company.
CSG described the purchase as a strategic investment, saying it sees opportunities to explore potential co-operation between the two companies over time. CSG chair Michal Strnad called MDA Space a highly respected, well led, profitable and growing space company with exceptional technological capabilities.
Potential Areas of Co-operation
Strnad pointed to the possibility of co-investing with MDA Space in manufacturing or assembly facilities in Europe, as well as partnering on strategic acquisitions. The comments suggest CSG views the stake as a step toward deeper industrial ties with MDA Space rather than a purely financial holding.
MDA Space CEO Mike Greenley welcomed the investment, describing CSG as a leading European industrial group with a proven track record in building high-quality defence businesses.
Market Reaction
Following news of the stake purchase, MDA Space shares were down 23 cents at $39.95 in early-afternoon trading on the Toronto Stock Exchange.
The transaction was reported by The Canadian Press on Oct. 13, 2026, based in Montreal.
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