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CSG of Michal Strnad acquires stake in Canadian MDA Space

The Czechoslovak Group of entrepreneur Michal Strnad acquired a 9.5-percent stake in Canadian company MDA Space. It thus became its largest shareholder and entered the space technology industry. denik.cz ↗

MDA Space focuses on developing satellite systems, robotic arms and other technologies for use in space. The company has operated in the field for more than 55 years and has participated in 450 space missions. seznamzpravy.cz ↗

CSG has so far operated mainly in the defense and engineering industries. Its activities include the production of tanks, ammunition and Tatra trucks. The investment in MDA Space represents an expansion of the group's reach into the rapidly growing space industry. info.cz ↗

According to published information, the stake in the company is to bring the group growth opportunities in this rapidly developing sector. CSG has also announced further expansion in this area. e15.cz ↗

Thanks to the new ownership structure, MDA Space becomes a significant part of CSG's space ambitions. The group is thus strengthening its presence in the field of satellites and other space technologies alongside its traditional industrial and defense activities. ihned.cz ↗

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