Gilat Satellite Networks is set to acquire DataPath, which will be a core component of Gilat’s Defense growth strategy.
DataPath is a market leader in trusted communications for the US DoD Military and Government sectors. Gilat Satellite did not reveal the size of the deal to acquire DataPath.
The acquisition is another step in Gilat Satellite’s initiative to increase its presence in the growing Defense market. Gilat expects its annual revenues in the defense sector to increase by approximately $50 million following the closing of the acquisition of DataPath.
Adi Sfadia, Gilat CEO, said: “The acquisition is a major milestone in Gilat’s growth strategy to expand its business into the US DoD and government sectors as well as into other international governments and Defense markets.”