COM DEV International Ltd. (CDV.TO) said it bought substantially all of the assets of Routes AstroEngineering, a privately owned, Ottawa-based company specializing in the design and manufacture of advanced instruments for space science research applications. The acquisition provides COM DEV with technologies that support its microsatellite initiative, including solar array power systems, satellite mass memory units, and detector read-out electronics. Under terms of the transaction, which was prompted by unusual liquidity concerns at Routes, COM DEV is providing total consideration of $1.5 million in the form of assumption and discharge of certain specified liabilities of Routes. COM DEV has purchased Routes assets with a total fair market value estimated at $1.7 million, including land and building located in close proximity to its existing Ottawa facility, as well as intellectual property, equipment, receivables, inventory and work in process. The majority of former Routes employees have accepted employment with COM DEV Canada. The transaction closed earlier Thursday.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.