[Satellite TODAY 01-07-11] Canadian space and satellite company MacDonald, Dettwiler and Associates (MDA) has closed the sale of its Property Information business to private investment firm TPG Capital for $850 million, MDA announced Jan. 5.
    MDA’s Property Information business provides service to insurance companies, lenders and legal professionals primarily in the United States and Europe.
    In a statement, MDA CEO Dan Friedmann said the sale was part of his decision to realign MDA’s business into a smaller unit, diverting the proceeds of the sale to support its businesses in aerospace information systems, surveillance, satellite information distribution and robotics. “MDA will stay on the hunt for acquisitions that will build on its existing talents and help it break into new markets.”