Comtech Buying Gilat in $532.5 Million Deal
Communications services company Comtech expects to close on its $532.5 million buy of satellite communications ground segment company Gilat Satellite Networks by summer or fall, it said Wednesday. Comtech CEO Fred Kornberg said the announced deal positions the company better…
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in providing ground infrastructure for satellite connectivity and secure wireless communications markets. It said Kornberg would be CEO of the combined company, and Gilat would keep its headquarters and R&D facility in Israel.