Czech defence company CSG buys 9.5 per cent stake in MDA Space Czech defence company CSG has acquired a 9.5 per cent stake in MDA Space Ltd., becoming the Canadian space company's largest shareholder. Both companies see potential for cooperation in Europe. MONTREAL - Czech defence company CSG has bought a 9.5 per cent stake in MDA Space Ltd., making it the Canadian company's largest shareholder. CSG says it views MDA Space as a strategic investment and sees opportunities to explore potential co-operation between the two companies over time. CSG Chair Praises MDA Space CapabilitiesCSG chair Michal Strnad says MDA Space is a highly respected, well led, profitable and growing space company with exceptional technological capabilities. He pointed to the possibility of co-investing with MDA in manufacturing or assembly facilities in Europe and partnering on strategic acquisitions. MDA Space CEO Mike Greenley welcomed the investment and said CSG is a leading European industrial group with a proven track record in building high-quality defence businesses.MDA Space shares were down 23 cents at $39.95 in early-afternoon trading on the Toronto Stock Exchange. The investment makes CSG the largest shareholder in MDA Space, a significant development for the Canadian space and defence contractor. CSG, based in the Czech Republic, has been expanding its defence portfolio across Europe and sees MDA Space as a key partner in that strategy. Strnad emphasized that MDA Space's technological capabilities and profitability make it an attractive investment for his company.Strategic Cooperation Potential Between FirmsThe potential for co-investment in manufacturing or assembly facilities in Europe could allow both companies to leverage their respective strengths and expand their presence in the region. Greenley's welcoming of the investment signals a positive relationship between the two companies moving forward. Analysts note that the stake purchase could lead to deeper collaboration between CSG and MDA Space in the future. The news comes as the defence and space industries see increased consolidation and cross-border investments.MDA Space, known for its robotics and satellite technology, has been a key player in Canada's space sector. CSG's investment is seen as a vote of confidence in MDA Space's growth trajectory and management team. The transaction was announced on October 13, 2026, and has been confirmed by both companies. The announcement was made at 1:12 p.m. EDT. Companies in this story: (TSX:MDA)