M&A Deal Summary

Gilat Satellite Networks Acquires Stellar Blu Solutions

On June 17, 2024, Gilat Satellite Networks acquired airliner Stellar Blu Solutions for 245M USD

Acquisition Highlights
  • This is Gilat Satellite Networks’ 1st transaction in the Airlines sector.
  • This is Gilat Satellite Networks’ largest (disclosed) transaction.
  • This is Gilat Satellite Networks’ 4th transaction in the United States.

M&A Deal Summary
Date 2024-06-17
Target Stellar Blu Solutions
Sector Airlines
Buyer(s) Gilat Satellite Networks
Deal Type Add-on Acquisition
Deal Value 245M USD
Advisor(s) Houlihan Lokey (Financial)
Sheppard Mullin (Legal)

Target

Stellar Blu Solutions

United States
Stellar Blu Solutions is a provider of developing cutting-edge connectivity, network, and avionics solutions for next-generation satellite networks. Focused on continuing the development of aircraft communications technologies for the world’s leading airlines, as well as solutions for other aerospace and mobility markets, Stellar Blu provides turn-key inflight connectivity solutions including terminal development, aircraft integration, and certification and installation packages.

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Buyer(S) 1

Buyer

Gilat Satellite Networks

Petah Tikva, Israel
Category Company
Founded 1987
Sector Technology Hardware
Employees936
Revenue 926M USD (2019)
DESCRIPTION

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).

DEAL STATS #
Overall 4 of 4
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 DataPath

Duluth, Georgia, United States

DataPath is a designer, integrates, manages and deploys satellite communication systems for military and commercial customers. Solutions include multi-band SATCOM terminals, network control software to manage and control communication networks, and global field support services. DataPath was established in 1982 and is based in Duluth, Georgia.

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