M&A Deal Summary

Gilat Satellite Networks Acquires Wavestream

On November 29, 2010, Gilat Satellite Networks acquired technology hardware company Wavestream for 130M USD

Acquisition Highlights
  • This is Gilat Satellite Networks’ 2nd transaction in the Technology Hardware sector.
  • This is Gilat Satellite Networks’ largest (disclosed) transaction.
  • This is Gilat Satellite Networks’ 2nd transaction in the United States.
  • This is Gilat Satellite Networks’ 1st transaction in California.

M&A Deal Summary
Date 2010-11-29
Target Wavestream
Sector Technology Hardware
Buyer(s) Gilat Satellite Networks
Deal Type Add-on Acquisition
Deal Value 130M USD

Target

Wavestream

San Dimas, California, United States
website
Wavestream Corp. is a provider of high power solid state amplifiers.

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Buyer(S) 1

Buyer

Gilat Satellite Networks

Petah Tikva, Israel

website

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 2 of 3
Sector (Technology Hardware) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2010) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-17 Raysat Antenna Systems

Vienna, Vermont, United States

Raysat Antenna Systems LLC is a privately held US company that specializes in the development, marketing, sales and support of in-motion, low-profile, 2-way satellite antenna systems. RAS's antennas are specifically designed for the needs of Satcom-On-The-Move (SOTM), military mobile communications, homeland security (HLS), search & rescue, governmental organizations, DSNG, trains, asset tracking, research & exploratory and general mobile satellite data communications.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-19 Spacenet

Tulsa, Oklahoma, United States

Spacenet, Inc. is a provider of IT managed services in North America to the business and government segments.

Sell $16M
Mergr

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