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Israel-based Gilat Satellite Networks Acquires Fort Worth's Stellar Blu Solutions in $245M Deal

Israel-based Gilat Satellite Networks Acquires Fort Worth's Stellar Blu Solutions in $245M Deal

01/07/25, 11:37 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgdallas
Money
$245 million
Industry
satellite communication
aerospace
hardware
Type
acquisition
Israel-based Gilat Satellite Networks has acquired Fort Worth's Stellar Blu Solutions in a deal worth up to $245 million, with an initial payment of $98 million in cash and a possible additional $147 million conditional on operational and strategic milestones. The acquisition is aimed at expanding Gilat's presence in the In-Flight Connectivity (IFC) market and leveraging Stellar Blu's cutting-edge technologies.

Company Info

Company
Stellar Blu Solutions
Location
dallas, texas, united states
Additional Info
STELLAR BLU is a leader in the development of cutting-edge connectivity, network and avionics solutions for next generation satellite networks. Our customers include many of the industry's leading connectivity network and service providers, including Intelsat, Inmarsat, OneWeb, Panasonic and SatcomDirect.