M&A Deal Summary

Comtech Acquires Gilat Satellite Networks

On January 29, 2020, Comtech acquired technology hardware company Gilat Satellite Networks for 533M USD

Acquisition Highlights
  • This is Comtech’s 2nd transaction in the Technology Hardware sector.
  • This is Comtech’s largest (disclosed) transaction.
  • This is Comtech’s 1st transaction in Israel.

M&A Deal Summary
Date 2020-01-29
Target Gilat Satellite Networks
Sector Technology Hardware
Buyer(s) Comtech
Deal Type Add-on Acquisition
Deal Value 533M USD
Advisor(s) Jefferies
Alnitak Capital Partners LLC
Quilty Analytics (Financial)
Naschitz, Brandes, Amir & Co. (Legal)

Target

Gilat Satellite Networks

Petah Tikva, Israel
website
Gilat Satellite Networks Ltd. designs and manufactures cutting-edge ground segment equipment, and provides comprehensive solutions and end-to-end services, powered by Gilat’s innovative technology. Delivering high-value competitive solutions, Gilat’s portfolio comprises of a cloud-based VSAT network platform, high-speed modems, high-performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).

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Buyer(S) 1

Buyer

Comtech

Melville, New York, United States

website

Category Company
Founded 1967
Sector Technology Hardware
Employees1,993
Revenue 486M USD (2022)
DESCRIPTION

Comtech is a designer, developer, producer, and marketer of products, systems, and services for communications solutions in the United States and internationally. Comtech was incorporated in 1967 and is based in Melville, New York.

DEAL STATS #
Overall 6 of 6
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 6 of 6
Country (Israel) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 UHP Networks

Pointe-Claire, Quebec, Canada

UHP Networks, Inc. is a provider of innovative and disruptive satellite ground station technology solutions. UHP core products include universal satellite routers and an advanced Network Management System. UHP Networks, Inc. was founded in 2005 and is based in Pointe-Claire, Quebec.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Comtech - Power Systems Technology

Melville, New York, United States

Comtech's Power Systems Technology provides power systems.

Sell $40M
Mergr

Product

Company

Legal