DENVER BUSINESS JOURNAL - The merger of DigitalGlobe into a new satellite and data technology company is expected to spark growth for the business — and possibly make Colorado home to company’s new administrative services hub.
Canada’s MacDonald, Dettwiler and Associates Ltd. closed its $2.4 billion purchase of Westminster-based DigitalGlobe on Thursday and renamed the combined business Maxar Technologies Ltd.
The post-merger company (NYSE: MDA) is hunting for a location for its shared corporate services like human resources, finance and similar functions. While no decision has been finalized, there’s a good chance for that to come to Colorado, said Howard Lance, president and CEO of Maxar Technolgies Ltd.
“Westminster and Colorado in general remains a major footprint,” Lance said. “Colorado is well positioned to see growth, on top of the fact that DigitalGlobe is growing.”
Maxar Technolgies listed on the New York Stock Exchange as a result of acquiring DigitalGlobe. The company’s shares trade in both Toronto and the U.S. as "MDA" but will change next week to "MAXR."
The 6,800-employee company has offices in the major technology and aerospace hubs in the U.S. and Canada — Silicon Valley, Denver, Washington D.C., Toronto, Vancouver and Montreal.
It will operate its 4,600-employee U.S. divisions — DigitalGlobe’s satellite imagery business, SSL’s Palo Alto, California-based satellite manufacturings and geospatial data analysis near Washington D.C. — as Maxar Technology Holdings.
DigitalGlobe CEO Jeffrey Tarr is stepping down and will service as an advisor to Maxar into early 2018.
Otherwise, half of Maxar’s executive ranks come from DigitalGlobe.
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