MDA Space Acquires a Majority Stake in Collecte Localisation Satellites

Frank­furt am Main — The global busi­ness law firm Norton Rose Fulbright has MDA Space Ltd, an inter­na­tio­nal part­ner for space missi­ons, in its acqui­si­tion of a majo­rity stake in Coll­ecte Loca­li­sa­tion Satel­li­tes (CLS) from Compa­gnie Natio­nale à Porte­feuille (CNP).

Upon comple­tion of the tran­sac­tion, MDA Space Ltd. will acquire appro­xi­m­ately 70 percent of the shares in CLS from CNP and other share­hol­ders of CLS’s parent company. The French space agency, the Centre natio­nal d’études spatia­les (CNES), will conti­nue to hold appro­xi­m­ately 30 percent of the shares in CLS. 

Subject to the neces­sary regu­la­tory appr­ovals, the tran­sac­tion is expec­ted to close in late 2026 or early 2027.

Advi­sors to MDA Space: An inter­na­tio­nal team from Norton Rose Fulbright based in Paris, Frank­furt, and Toronto 

The Frank­furt team consis­ted of part­ner Dr. Jens Steger and Senior Asso­ciate Sven Klüp­pel, who advi­sed on all anti­trust and merger control matters outside of France.

The Paris team was led by Corpo­rate Part­ner Jean-Claude Rivalland and also included Coun­sel Louis Frid­man and Asso­ciate Mathilde Juyol.

The expan­ded team included Part­ner Nadège Martin, Coun­sel Geoff­roy Coul­ouvrat, and Asso­ciate Laura Helloco in the Tech­no­logy Law prac­tice, Part­ner Laure Joncour and Coun­sel Marie-Thérèse Euge­nio in the Employ­ment Law prac­tice, EMEA Tax Head Antoine Colonna d’Is­tria, along with Asso­cia­tes Alex­an­dra Bloch Mani­kow and Jeanne Robart, on tax law matters; and Part­ner Isabelle Augais and Asso­ciate Marjo­rie Bodino on real estate law aspects. Advice on French anti­trust and foreign direct invest­ment (FDI) law was provi­ded by Part­ner Marta Giner Asins, along with Asso­cia­tes Cons­tance Chev­reste and Géral­dine Gaulard. 

The Toronto team was led by corpo­rate part­ner Bruce Sheiner.

About Norton Rose Fulbright: 
Norton Rose Fulbright is a global busi­ness law firm. With more than 3,000 attor­neys in over 50 offices world­wide across Europe, the U.S., Canada, Latin America, Asia, Austra­lia, Africa, and the Middle East, we advise leading natio­nal and inter­na­tio­nal compa­nies. We offer our clients compre­hen­sive advice across all major indus­tries. These include Finan­cial Insti­tu­ti­ons; Energy; Infra­struc­ture, Mining, and Commo­di­ties; Trans­por­ta­tion; Tech­no­logy and Inno­va­tion; and Life Scien­ces and Health­care. Our global Risk Advi­sory Group combi­nes this exten­sive indus­try expe­ri­ence with its exper­tise in legal and regu­la­tory matters, as well as in compli­ance and gover­nance. This enables us to offer our clients prac­ti­cal solu­ti­ons to the legal and regu­la­tory risks they face. Where­ver we operate, we act in accordance with our busi­ness prin­ci­ples of “Quality, Unity, and Inte­grity.” We provide legal advice of the highest stan­dard and main­tain this level of quality in every inter­ac­tion. The Swiss Asso­cia­tion of Norton Rose Fulbright helps coor­di­nate the acti­vi­ties of Norton Rose Fulbright members but does not provide legal advice to clients. Norton Rose Fulbright has offices in over 50 cities world­wide, inclu­ding London, Hous­ton, New York, Toronto, Mexico City, Hong Kong, Sydney, and Johan­nes­burg. For more infor­ma­tion, visit nortonrosefulbright.com/legal-notices