Gilat acquisition of DataPath
Israel's Gilat bought DataPath, a supplier of trusted satellite communications to the US Department of Defense, to build its defence business.
- Company
- DataPath
- Type
- M&A
- Status
- Completed
- Date
- 16 Nov 2023
- Value
- Not disclosed
- Value basis
- Not disclosed; includes contingent consideration
- Region
- US
- Segment
- Ground segment
Parties
- Gilat Satellite Networks buyer
Key terms
- Announced
- 9 Mar 2023
- Expected effect
- About US$50m a year of added defence revenue
Sources
- Gilat Form 6-K: definitive agreement to acquire DataPath sec.gov · 9 Mar 2023
- Gilat Form 6-K: completes acquisition of DataPath sec.gov · 16 Nov 2023
Record ORB-INV-2023-0019. Investments are kept apart from the financings register and never counted in debt totals.
