February 26, 2008 / 9:32 PM / 10 years ago

MDA buys real-estate services assets from TransUnion

(In U.S. dollars unless noted)

TORONTO, Feb 26 (Reuters) - MacDonald, Dettwiler and Associates Ltd MDA.TO said on Tuesday it will buy a number of real-estate services assets in the United States from TransUnion LLC for an undisclosed amount.

MDA said the purchase includes tools and technology for collateral valuation, property search, mortgage credit, closing and flood compliance.

The acquired businesses have about $130 million in annual revenue and about 450 employees.

Vancouver, British Columbia-based MDA announced last month it is selling its space robotics and data-processing business to U.S.-based Alliant Techsystems Inc ATK.N for $1.33 billion and plans to focus on its information products business, which includes real estate data.

MDA shares closed 2 Canadian cents lower at C$46.88 on the Toronto Stock Exchange on Tuesday.

$1=$0.98 Canadian Reporting by Wojtek Dabrowski; Editing by Peter Galloway

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below