CSG enters the space sector and becomes leading shareholder of MDA Space with 9.5%
The industrial and defense group has entered the space sector through an equity stake. It is accompanying this with a dedicated team and several avenues for cooperation with MDA Space, in both Europe and Canada.
A stake held through a dedicated subsidiary
CSG announced on October 13, 2026 that it had acquired shares in MDA Space, an operation that gives it a 9.5% stake in the space company. According to the statement, this position currently makes CSG the leading shareholder of MDA Space, a company listed on the Toronto Stock Exchange and the New York Stock Exchange. The stake is held through a dedicated subsidiary.
The group presents the space sector as a direct extension of its activities in defense and aeronautics. CSG indicates its intention to build its presence gradually in this field, with prudent capital allocation. It plans to combine internal expertise, partnerships and selective strategic investments, with the operation forming part of a long-term strategy in this market.
The equity stake is also intended to serve as a basis for cooperation between the two groups, which CSG aims to develop over time. Several avenues are under consideration: co-investments in manufacturing or assembly facilities in Europe, joint strategic acquisitions, and introducing MDA Space to CSG's customers to support its international development. These initiatives remain at the exploratory stage.
Mike Greenley, Chief Executive Officer of MDA Space, welcomed CSG's arrival as a strategic investor. He sees the broadening of the international shareholder base as a lever for growth, at a time when many countries are increasing their sovereign investments in defense and space. He also emphasizes the strengthening of MDA Space's ties with European investors and partners.
A bet backed by expected growth in the space economy
CSG bases its approach on market projections attributed to third-party sources. According to the World Economic Forum, cited in the statement, the global space economy could triple to reach 1,800 billion dollars by 2035. Based on Government Space Programs data cited by the group, worldwide public spending on space defense amounted to approximately 74 billion dollars in 2025.
Michal Strnad, Chairman of CSG's Board of Directors, describes MDA Space as a profitable and growing company, positioned in satellite systems, robotics and space operations, geospatial intelligence and defense-related applications. He affirms the group's intention to be a long-term strategic shareholder. According to him, CSG's customers will be able to benefit from a broader product offering, in an environment where security increasingly depends on space applications.
Stanislav Kuba, CSG's Director of Investments, clarified that the group is approaching the space sector "with a long-term industrial perspective and strict financial discipline". He presents the establishment of an internal team and participation in an established company as two complementary pillars.
The operation marks a significant step forward compared to the group's initial forays into the sector. CSG had previously announced smaller venture capital investments, made through the Tech Horizons VC fund, in British company SatVu and German company Atmos Space Cargo.
Three professionals recruited to lead space activities
At the same time, CSG has created a team dedicated to the space sector, initially consisting of three people. Ladislav Stahl, former advisor on space intelligence and security within the intelligence division of NATO headquarters and former head of the Czech Republic's satellite center, takes on the new position of Head of Space Strategy and Technology.
Filip Kocián, specialist in investment and business development in the space industry, formerly with Expansion Ventures fund and co-founder of Golem Ventures Space, becomes Space Director responsible for development. Cameron McKenzie, a Canadian executive with more than three decades of experience in aeronautics and defense, joins the group as Senior Advisor for Canada. Former Vice President of Global Sales for L3Harris Technologies' WESCAM business, he has also held leadership positions at CAE and the Canadian Commercial Corporation.
This announcement follows other recent initiatives by the group in defense. The contract documentation for a Morana artillery systems project for the Latvian armed forces, valued at several hundred million euros, was signed on September 30, 2026. On October 1, 2026, CSG announced its intention to create a second joint venture in Azerbaijan, a project valued at €1.8 billion.
