DigitalGlobe merges with Canadian company, CEO steps down

WESTMINSTER — DigitalGlobe Inc. (NYSE: DGI), a company that specializes in Earth imagery and data, has closed its merger with another firm and is seeing its CEO step down.

DigitalGlobe has combined with MacDonald, Dettwiler and Associates Ltd., or MDA, to form Maxar Technologies. DigitalGlobe’s president and CEO Jeffrey Tarr is leaving the company but will serve as an adviser to Maxar through at least January 2018.

“It has been an honor to lead DigitalGlobe and work alongside the industry’s most talented and dedicated team of professionals,” Tarr said in a prepared statement. “I am proud of all that DigitalGlobe has accomplished as the leading source of information about our changing planet.”

Canada-based MDA purchased DigitalGlobe for $2.4 billion. Maxar will be listed on the New York Stock Exchange and Toronto Stock Exchange as MAXR. MDA Corp. president and CEO Howard Lance will lead the combined company, which deals in space hardware, imaging and geospace.