Gilat Satellite Networks Signs Definitive Deal To Acquire Stellar Blu Solutions LLC; To Pay $98M At Closing, And Up To Additional $147M In Cash On Achievement Of Post-closing Objectives
Portfolio Pulse from Benzinga Newsdesk
Gilat Satellite Networks has signed a definitive agreement to acquire Stellar Blu Solutions LLC for $98 million at closing, with up to an additional $147 million contingent on post-closing objectives. The acquisition is expected to boost Gilat's annual revenues by $100 million to $150 million starting in 2025 and be accretive on a non-GAAP basis from the second half of 2025.
June 17, 2024 | 10:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Gilat Satellite Networks is acquiring Stellar Blu Solutions for up to $245 million. The acquisition is expected to increase Gilat's annual revenues by $100 million to $150 million starting in 2025 and be accretive on a non-GAAP basis from the second half of 2025.
The acquisition of Stellar Blu Solutions is a significant move for Gilat Satellite Networks, expected to substantially increase its revenue and be accretive on a non-GAAP basis starting in the second half of 2025. This positive financial outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100