AcquisitionsJun 15, 2026, 06:06 AM
Gilat to acquire Comtech's Satellite & Space segment for $157.5M
AI Summary
Gilat Satellite Networks Ltd. announced a definitive agreement to acquire the majority of Comtech Telecommunications Corporation's Satellite & Space Communications segment for $157.5 million in cash. This transformative acquisition is expected to be fully funded from Gilat's existing cash resources and strong balance sheet. The deal is projected to create a company with over $700 million in annual revenue and $80 million in adjusted EBITDA, significantly expanding Gilat's defense capabilities and U.S. presence. The transaction is subject to regulatory approvals and is expected to close by the end of 2026.
Key Highlights
- Gilat to acquire the majority of Comtech's Satellite & Space Communications segment for $157.5 million in cash.
- Acquisition expected to be fully funded from Gilat's existing cash resources, which were approximately $170 million.
- Combined company projected annual revenue to exceed $700 million.
- Combined company projected annual adjusted EBITDA of $80 million.
- Acquired business generated $195.2 million Adjusted Revenue and $16.8 million Adjusted EBITDA for TTM ended Jan 31, 2026.
- Significantly expands Gilat's U.S. presence, engineering capabilities, and manufacturing footprint.
- Broadens Gilat Defense advanced communications technology portfolio with RF, space electronics, and Troposcatter BLOS.
- Transaction is subject to regulatory approvals and expected to close by the end of 2026.
Price Impact
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