{"id":798260,"date":"2025-01-07T02:07:08","date_gmt":"2025-01-07T07:07:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/"},"modified":"2025-01-07T02:07:08","modified_gmt":"2025-01-07T07:07:08","slug":"gilat-completes-acquisition-of-stellar-blu-solutions-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/","title":{"rendered":"Gilat Completes Acquisition of Stellar Blu Solutions LLC"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong><br \/>\n          <em>Acquisition Supercharges Gilat\u2019s IFC Growth, Establishing a Global Leader in Aviation and High-End Mobility for ESA Applications<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"center\">\n        <strong><br \/>\n          <em>Expected to Add $120-150 million in <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>2025 <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>Annual Revenues<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">PETAH TIKVA, Israel, Jan.  07, 2025  (GLOBE NEWSWIRE) &#8212; Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a global leader in satellite networking technology, solutions, and services, today announced that it has successfully closed the acquisition of Stellar Blu Solutions LLC (\u201cStellar Blu\u201d), a leading US-based provider of next-generation SATCOM terminal solutions.<\/p>\n<p align=\"justify\">Gilat expects its annual revenues from Stellar Blu to range between $120 and $150 million in 2025, based on Stellar Blu\u2019s robust backlog. In addition, the acquisition is expected to be accretive on non-GAAP results for 2025. Furthermore, the Company estimates that once Stellar Blu reaches its target manufacturing capacity, which Gilat expects will occur during the second half of 2025, Stellar Blu\u2019s EBITDA margin is expected to be above 10%.\u00a0\u00a0 \u00a0\u00a0<\/p>\n<p align=\"justify\">\u201cThis acquisition is a pivotal step in our strategy to expand Gilat\u2019s presence in the growing In-Flight Connectivity (IFC) market,\u201d said Adi Sfadia, Gilat\u2019s CEO. \u201cWe expect Stellar Blu\u2019s cutting-edge technologies, combined with Gilat\u2019s advanced IFC solutions to position us as a market leader for both commercial and business aviation, as well as adjacent high-end mobility markets that are ideal for Electronically Steered Antenna (ESA) applications.\u201d<\/p>\n<p align=\"justify\">Mr. Sfadia continued, \u201cWith the increasing demand for free, seamless, high-quality in-flight Wi-Fi and Stellar Blu\u2019s pioneering expertise in multi-orbit LEO and GEO IFC solutions, this acquisition enhances Gilat\u2019s ability to meet the most demanding service level agreements in the industry, opening up new growth opportunities in aviation and beyond.\u201d<\/p>\n<p align=\"justify\">Mr. Sfadia highlighted, \u201cWe expect to ship hundreds of Stellar Blu\u2019s Sidewinder terminals during the upcoming quarters.\u201d<\/p>\n<p align=\"justify\">The acquisition\u2019s consideration at closing was $98 million in cash, as adjusted. Although the Company had over $115 million in Net Cash at the end of 2024, the Company used a new secured credit line of $100 million\u00a0from HSBC Bank USA and Bank Hapoalim to fund $60 million of the consideration paid at closing. The remaining $40 million, from the secured credit line, along with the Company\u2019s resources, is expected to be called upon and cover potential earn-out payments. The three year loan will bear interest at a rate of SOFR plus 2.6% to 3.35%.<\/p>\n<p align=\"justify\">Funding this acquisition through a combination of the Company\u2019s resources and a secured credit line will provide Gilat with additional flexibility given the opportunities in the market.<\/p>\n<p align=\"justify\">The consideration payment in connection with the acquisition may increase by up to an additional $147 million in cash, conditioned upon the acquired business achieving operational and strategic business milestones, during the first two years that follow the signing of the agreement.<\/p>\n<p>\n        <strong>About Stellar Blu Solutions<\/strong>\n      <\/p>\n<p align=\"justify\">Stellar Blu Solutions is a leader in 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\u2019s 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.<\/p>\n<p>\n        <strong>About Gilat<\/strong>\n      <\/p>\n<p align=\"justify\">Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.<\/p>\n<p align=\"justify\">Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.<\/p>\n<p align=\"justify\">Gilat\u2019s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MKW-yC__IkCBJ3F1tYA25m1SJqDFRoTK8jjVB9TZXAc1QSReLi7nyL0nOBLbxZTQDE3Uu4sctLmba1n0nznmhyMjug6J73RJlZn4_dah-4Q=\" rel=\"nofollow\" target=\"_blank\">http:\/\/www.gilat.com<\/a><\/p>\n<p align=\"justify\">\n        <em>Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words \u201cestimate\u201d, \u201cproject\u201d, \u201cintend\u201d, \u201cexpect\u201d, \u201cbelieve\u201d and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, <\/em><br \/>\n        <em>the potential impact of the <\/em><br \/>\n        <em>closing of <\/em><br \/>\n        <em>the <\/em><br \/>\n        <em>t<\/em><br \/>\n        <em>ransaction on the ability of <\/em><br \/>\n        <em>Gilat <\/em><br \/>\n        <em>and Stellar to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom <\/em><br \/>\n        <em>Gilat o<\/em><br \/>\n        <em>r Stellar do business, or on <\/em><br \/>\n        <em>Gilat\u2019s <\/em><br \/>\n        <em>or Stellar\u2019s operating results and business generally; disruption of the current plans and operations of <\/em><br \/>\n        <em>Gilat <\/em><br \/>\n        <em>and Stellar as a result of the <\/em><br \/>\n        <em>consummation of the t<\/em><br \/>\n        <em>ransaction, including risks that Stellar\u2019s business will not be integrated successfully into <\/em><br \/>\n        <em>Gilat\u2019s <\/em><br \/>\n        <em>operations<\/em><br \/>\n        <em>, and <\/em><br \/>\n        <em>that Stellar\u2019s <\/em><br \/>\n        <em>product shipments, sales, <\/em><br \/>\n        <em>revenues and <\/em><br \/>\n        <em>margins following the completion of the acquisition will not achieve the rates currently expected<\/em><br \/>\n        <em>; risks relating to <\/em><br \/>\n        <em>Gilat\u2019s <\/em><br \/>\n        <em>ability to realize anticipated benefits of the combined operations<\/em>; <em>changes in general economic and business conditions, inability to maintain market acceptance to Gilat\u2019s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat\u2019s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect <\/em><em>Gilat\u2019s <\/em><em> proprietary technology and risks associated with Gilat\u2019s international operations and its location in Israel, including those related to the war and hostilities between Israel and Hamas<\/em><em>, <\/em><em>Hezbollah<\/em><em>,<\/em><em> Iran<\/em><em> and Yemen and the instability in the middle east<\/em><em>; <\/em><em>and other factors discussed under the heading \u201cRisk Factors\u201d in <\/em><em>Gilat\u2019s <\/em><em>most recent annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this <\/em><em>release <\/em><em>are made pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and <\/em><em>Gilat <\/em><em>undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise<\/em><em>. <\/em><\/p>\n<p>\n        <strong>Contact:<\/strong>\n      <\/p>\n<p>Gilat Satellite Networks<br \/>Hagay Katz, Chief Products and Marketing Officer<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=g551w2umBqsIHpLanwktB2NeC1rvpzrBsCQif-oyF9ZpdrwSQxz8_i9yXnF726T8u0sv1pG42tg84W-R-IHFuQ==\" rel=\"nofollow\" target=\"_blank\">Hagayk@gilat.com<\/a><\/p>\n<p>\n        <strong>IR Contact: <\/strong><br \/>\n        <strong>Alliance Advisors<\/strong><br \/>\n        <strong>:<\/strong>\n      <\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lfq4OoT9QerjfHhod2yLy29reJvh3Z77tYnjV2yaWBiUAB9bHh1squlxcaq7NJoN9VHlQK7Lus-mcGp58Rj15jgGtob3g9Z_vfZEOnp0y7CEeJIhd8EsHMZhIG3CIgqF\" rel=\"nofollow\" target=\"_blank\">GilatIR@allianceadvisors.co<\/a><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KA8Rvg5METtrT_ArbWCeZm7F0NAyqQT-A4NjxZRBnTdzqcMs6SKReTCWNmW7NSfCQAIVtAAepbN64wFXO-MF3g==\" rel=\"nofollow\" target=\"_blank\">m<\/a><br \/>\n        <br \/>Phone: +1 212 838 3777<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNzY5NSM2NjgwOTYxIzIwMjA1NTU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZGZjZWRlZDMtNGViZC00ZTZmLTg2ZjYtY2I2MGNhYzhmMjBkLTEwMzIzODI=\/tiny\/Gilat-Satellite-Networks-Ltd-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition Supercharges Gilat\u2019s IFC Growth, Establishing a Global Leader in Aviation and High-End Mobility for ESA Applications Expected to Add $120-150 million in 2025 Annual Revenues PETAH TIKVA, Israel, Jan. 07, 2025 (GLOBE NEWSWIRE) &#8212; Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a global leader in satellite networking technology, solutions, and services, today announced that it has successfully closed the acquisition of Stellar Blu Solutions LLC (\u201cStellar Blu\u201d), a leading US-based provider of next-generation SATCOM terminal solutions. Gilat expects its annual revenues from Stellar Blu to range between $120 and $150 million in 2025, based on Stellar Blu\u2019s robust backlog. In addition, the acquisition is expected to be accretive on non-GAAP results for 2025. Furthermore, the Company estimates that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gilat Completes Acquisition of Stellar Blu Solutions LLC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-798260","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gilat Completes Acquisition of Stellar Blu Solutions LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gilat Completes Acquisition of Stellar Blu Solutions LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition Supercharges Gilat\u2019s IFC Growth, Establishing a Global Leader in Aviation and High-End Mobility for ESA Applications Expected to Add $120-150 million in 2025 Annual Revenues PETAH TIKVA, Israel, Jan. 07, 2025 (GLOBE NEWSWIRE) &#8212; Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a global leader in satellite networking technology, solutions, and services, today announced that it has successfully closed the acquisition of Stellar Blu Solutions LLC (\u201cStellar Blu\u201d), a leading US-based provider of next-generation SATCOM terminal solutions. Gilat expects its annual revenues from Stellar Blu to range between $120 and $150 million in 2025, based on Stellar Blu\u2019s robust backlog. In addition, the acquisition is expected to be accretive on non-GAAP results for 2025. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/","og_locale":"en_US","og_type":"article","og_title":"Gilat Completes Acquisition of Stellar Blu Solutions LLC - Market Newsdesk","og_description":"Acquisition Supercharges Gilat\u2019s IFC Growth, Establishing a Global Leader in Aviation and High-End Mobility for ESA Applications Expected to Add $120-150 million in 2025 Annual Revenues PETAH TIKVA, Israel, Jan. 07, 2025 (GLOBE NEWSWIRE) &#8212; Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a global leader in satellite networking technology, solutions, and services, today announced that it has successfully closed the acquisition of Stellar Blu Solutions LLC (\u201cStellar Blu\u201d), a leading US-based provider of next-generation SATCOM terminal solutions. Gilat expects its annual revenues from Stellar Blu to range between $120 and $150 million in 2025, based on Stellar Blu\u2019s robust backlog. In addition, the acquisition is expected to be accretive on non-GAAP results for 2025. Furthermore, the Company estimates that &hellip; Continue reading \"Gilat Completes Acquisition of Stellar Blu Solutions LLC\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-07T07:07:08+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNzY5NSM2NjgwOTYxIzIwMjA1NTU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Gilat Completes Acquisition of Stellar Blu Solutions LLC","datePublished":"2025-01-07T07:07:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/"},"wordCount":1146,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNzY5NSM2NjgwOTYxIzIwMjA1NTU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/gilat-completes-acquisition-of-stellar-blu-solutions-llc\/","name":"Gilat Completes Acquisition of Stellar Blu Solutions LLC - 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