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.”