Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has announced the completion of its acquisition of DataPath, Inc. DataPath is a market leader in trusted communications for the US DoD Military and Government sectors.
The acquisition aligns with Gilat’s strategy to expand its presence in the growing defense communications market. It was approved by the boards of directors and stockholders of both companies and has received all necessary regulatory approvals, including clearance from the Committee on Foreign Investment in the United States (CFIUS).
Gilat’s CEO, Adi Sfadia, commented on the acquisition, stating that it is a significant step forward in Gilat’s strategy. With DataPath’s expertise and experience in serving the US government and defense markets, the acquisition will help Gilat rapidly realize its strategic goals. The acquisition is also expected to increase Gilat’s annual revenues in the defense sector by around $50 million.
David McDonald, DataPath’s President, expressed optimism about the acquisition, emphasizing the combined resources and technologies of Gilat and DataPath. He stated that the acquisition will enhance Gilat’s strategy in the global defense sector, as the SATCOM market enters a new space age.
The advisory services for the acquisition include Needham & Company LLC and Quilty Analytics LLC as financial advisors to Gilat. Naschitz Brandes Amir & Co. and Foley and Lardner LLP are acting as legal counsel for Gilat. RCBG, based in Chicago, served as DataPath’s exclusive strategic advisor, with DLA Piper LLP and Greenberg Traurig acting as legal counsel.
About DataPath® Inc.
DataPath is known for its advanced and secure communications solutions tailored to the unique requirements of defense, aerospace, broadcast, government, and critical infrastructure clients. Their offerings include satellite communication systems and network management software, supported by round-the-clock customer care and global field support. For more information, visit www.datapath.com.
Gilat Satellite Networks Ltd. is a global leader in satellite networking technology, providing solutions and services for commercial and government applications. They specialize in delivering high-quality, reliable connectivity solutions through advanced satellite communication technology.