CSG invests in MDA Space
October 13, 2026


CSG, the global industrial and defence group, has announced its entry into the space sector through the acquisition of shares resulting in a 9.5 per cent equity position in MDA Space, making CSG MDA Space’s current largest shareholder.
CSG views this strategic investment in MDA Space as “an opportunity to explore potential cooperation between the two groups over time”. Such cooperation could include co-investing in manufacturing or assembly facilities in Europe, partnering on strategic acquisitions, and otherwise seeking to introduce CSG’s customer relationships to MDA Space to support MDA Space’s international growth.


The investment follows previously announced smaller-scale venture capital investments, made through Tech Horizons VC fund, in SatVu in the UK and Atmos Space Cargo in Germany. The stake in MDA Space is held by a dedicated subsidiary.

CSG has also announces the creation of a dedicated space team to develop its long-term activities in the sector. The team will initially comprise the newly created roles of Head of Space Strategy and Technology (which will be held by Ladislav Stahl, a former NATO space advisor) and Space Director for Corporate Development (which will be held by Filip Kocian, an expert investment and corporate development professional specialising in the global space industry). They will be joined by Cameron McKenzie, a senior Canadian aerospace and defence executive, who will take responsibility for CSG’s activities and expansion in Canada in his role as Senior Adviser.
Michal Strnad, Chairman of the Board of CSG, commented: “MDA Space is a highly respected, well led, profitable and growing space company with exceptional technological capabilities and a diversified position across satellite systems, robotics and space operations, geointelligence and defence-related applications. MDA Space’s capabilities and experience will be highly relevant as CSG develops its own position in the space sector in cooperation with MDA Space. This is a strategic investment that reflects CSG’s conviction in the growing importance of space and in MDA Space as a key player in the sector. We want to be a long-term strategic shareholder and see significant potential for MDA Space and CSG to grow alongside each other. We expect that CSG’s customers will be able to benefit from a much wider and more complex product offering in an era of rapidly increasing dependency of our security on space applications.”
Mike Greenley, Chief Executive Officer of MDA Space, said: ‘’We welcome CSG’s investment in MDA Space, and its position as a strategic investor. CSG is a leading European industrial group with a proven track record in building high-quality defence businesses. As countries around the world look to increase their sovereign defence and space investments, the expansion of MDA Space’s global investor network is a strategic tool for continued expansion of our business. With this addition of CSG to our group of shareholders, MDA Space continues to strengthen its investor and business partner base in Europe. We are looking forward to a long-term strategic partnership with CSG and to continuing to create value for all our shareholders’’

Stanislav Kuba, Investment Director of CSG, added: “We are approaching space in the same way we approach all our expansion and investment decisions: with a long-term industrial perspective and strict financial discipline. Building the team and taking a strategic investment in an established space company gives us two complementary foundations – expertise within CSG and direct exposure to one of the world’s most sophisticated space ecosystems.”