MDA Space said it has made a firm and irrevocable offer to buy an approximately 70% interest in CLS for about €567 million (C$920 million) in cash, subject to adjustments, and later increased a bought-deal equity offering to 23 million shares at US$35.60 each for gross proceeds of about US$819 million to help fund the transaction. CLS, an Earth observation and satellite IoT provider expected to generate about €286 million (C$465 million) in 2026 revenue, has more than 14,000 customers in around 150 countries, about 1,200 employees and 40 sites worldwide. CNES, the French space agency, would retain about a 30% stake in CLS. MDA Space said the acquisition is expected to be accretive to Adjusted EBITDA and Adjusted EPS within the first year, while cautioning that completion, financing, approvals, timing and projected benefits remain uncertain.