NEWS
Gilat to Acquire Stellar Blu, an IFC Market Leader with a First-to-Market ESA-Based Solution for Commercial Aviation
Gilat Satellite Networks has signed a definitive agreement to acquire Stellar Blu Solutions, a leading US-based avionics solution provider specializing in next-gen SATCOM terminal solutions. This acquisition aims to bolster Gilat's presence in the In-Flight Connectivity (IFC) market.
Gilat will pay $98 million initially, with up to an additional $147 million based on post-closing business achievements. Stellar Blu's annual revenues are expected to contribute between $100 million to $150 million starting in 2025, and the acquisition will be accretive on a non-GAAP basis from the second half of 2025. The deal is anticipated to close in the latter half of 2024, subject to regulatory approvals.
Stellar Blu's ESA terminal supports LEO and GEO multi-orbit strategies and has been adopted by major airlines. The acquisition aligns with Gilat’s strategy to extend its market reach and enhance its product offerings.
Gilat will pay $98 million initially, with up to an additional $147 million based on post-closing business achievements. Stellar Blu's annual revenues are expected to contribute between $100 million to $150 million starting in 2025, and the acquisition will be accretive on a non-GAAP basis from the second half of 2025. The deal is anticipated to close in the latter half of 2024, subject to regulatory approvals.
Stellar Blu's ESA terminal supports LEO and GEO multi-orbit strategies and has been adopted by major airlines. The acquisition aligns with Gilat’s strategy to extend its market reach and enhance its product offerings.
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