Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has agreed to acquire certain assets of EMS Canada, including certain agreements, equipment, land, buildings and personnel.
This move achieves the following strategic objectives:
Significantly improves MDA's value added content in future information solutions containing space based data collection and distribution.
The parties are seeking to close the transaction during 2005, subject to the satisfaction of normal closing conditions and clearance by Canadian antitrust authorities.
About MacDonald, Dettwiler and Associates Ltd. (MDA)
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of earth and space based information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 2,500 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.