Today (December 16^th), Maxar Technologies announced it has entered into a definitive merger agreement to be acquired by Advent International. The all-cash transaction values Maxar at an enterprise value of approximately $6.4 billion.

Following the close of the transaction, Maxar will remain a US-controlled and operated company.

“As a private company, Maxar will be able to accelerate investments in next-generation satellite technologies and data insights that are vital to the Company’s government and commercial customers, as well as pursue select, strategic M&A to further enhance the Company’s portfolio of solutions”, Maxar commented in a statement.

“This includes supporting the successful delivery of the new Legion satellite constellation, accelerating the launch of Legion 7 and 8 satellites, and further growing the Earth Intelligence and Space Infrastructure businesses through investments in next-generation capabilities, such as advanced machine learning and 3D mapping.”

With Advent bringing its 35+ year investment track record with significant experience in global security and defense, this transaction will support Maxar to accelerate the development of next-generation satellite technologies and data insights for its customers.