Gilat (GILT) has released an update.
Gilat Satellite Networks has announced the strategic acquisition of Stellar Blu Solutions, a market leader in In-Flight Connectivity (IFC) with innovative ESA-based solutions for commercial aviation, projected to boost Gilat’s annual revenues by $100-150 million from 2025. The acquisition, costing Gilat $98 million initially with up to $147 million in potential additional payments, is set to enhance Gilat’s footprint in the IFC market and is expected to be financially accretive by the second half of 2025. This move is anticipated to create new product and service opportunities by aligning with Stellar Blu’s go-to-market partners, reinforcing Gilat’s position in the satellite networking sector.
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