Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has entered into an agreement, subject to regulatory approval, to acquire PropertyFlow Ltd. MDA is seeking formal clearance from the U.K. Office of Fair Trading for this transaction. Further information will be provided once OFT clearance has been obtained.
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.
PropertyFlow Ltd. provides a full range of conveyancing searches and also operates one of the largest NLIS Channels. PropertyFlow trades under the names of SearchFlow and the Property Search Agency.