Gilat to acquire Comtech’s satellite & space communications segment for $157.5M, expanding US defense satcom capability
Gilat Satellite Networks signed a definitive agreement to buy the majority of Comtech Telecommunications’ Satellite & Space Communications segment. The cash-free, debt-free transaction is valued at $157.5 million (subject to working-capital adjustments) and is positioned to strengthen Gilat’s US defense and satellite-communications footprint after a prior failed Comtech deal attempt.