Gilat acquisition of Stellar Blu Solutions
Gilat's Wavestream bought Stellar Blu, a US maker of electronically steered satellite terminals for in-flight connectivity.
- Company
- Stellar Blu Solutions
- Type
- M&A
- Status
- Completed
- Date
- 6 Jan 2025
- Value
- US$98m
- Value basis
- US$98m cash at closing (US$108m as adjusted) plus up to US$147m of cash earn-out
- Region
- US
- Segment
- Ground segment
Parties
- Gilat Satellite Networks buyer
Key terms
- Buyer
- Wavestream Corporation (Gilat)
- Earn-out
- Up to US$147m in cash on performance milestones
- Funding
- Existing cash and US$60m drawn on a new US$100m secured credit facility
- Agreed
- 17 Jun 2024, amended 11 Dec 2024
Sources
- Gilat press release (Form 6-K exhibit): Gilat to acquire Stellar Blu sec.gov · 17 Jun 2024
- Gilat annual report on Form 20-F for 2024 (completion and funding) sec.gov · 27 Mar 2025
Record ORB-INV-2025-0026. Investments are kept apart from the financings register and never counted in debt totals.
