CSG takes 9.5% stake in MDA Space

CSG has entered the space sector by acquiring a 9.5% equity stake in MDA Space Ltd., one of the largest space technology companies listed on the Toronto and New York stock exchanges. The transaction makes CSG the largest shareholder in MDA Space and marks a strategic shift for the industrial and defence group toward space-related activities.

The stake in MDA Space is held through a dedicated CSG subsidiary created specifically for this investment. CSG described the move as its first major step into the space industry, following earlier, smaller venture capital positions in space-related companies such as SatVu and Atmos Space Cargo.

CSG stated that defence and space are tightly interconnected and that expanding into space is a natural extension of its existing defence and aerospace operations. The group said it plans to grow its presence gradually, emphasizing careful capital allocation and a long-term industrial perspective.

CSG views its shareholding in MDA Space as a platform for broader strategic cooperation. The group highlighted potential opportunities to co-invest in manufacturing or assembly facilities in Europe, using MDA Space’s technologies and experience together with CSG’s industrial base.

In addition to joint facilities, CSG indicated that the partnership could extend to collaborating on selective strategic acquisitions. This approach is intended to leverage both companies’ capabilities in advanced space technologies and to expand their reach in key markets.

MDA Space is described by CSG leadership as a highly respected, well led, profitable and growing company with strong technological capabilities. CSG emphasized that any further expansion of the relationship will be guided by financial discipline and long-term industrial goals.

To support its new focus, CSG has established a dedicated space team to develop long-term activities in the sector. The team is tasked with shaping strategy, identifying partnership opportunities and overseeing the group’s growing space portfolio.

The new structure includes Ladislav Stahl as Head of Space Strategy and Technology and Filip Kocián as Space Director for Corporate Development. Cameron McKenzie has been appointed as a senior adviser responsible for activities in Canada, reflecting the importance of the MDA Space relationship.

CSG linked its space ambitions to broader industry trends, citing projections that the global space economy could reach about $1.8 trillion by 2035 and highlighting expectations of approximately $74 billion in global government space-defence spending in 2025. These figures frame the strategic rationale for integrating space more closely with CSG’s defence and aerospace operations.