Gilat Satellite Networks to buy DataPath
Categories: Corporate and M&A
Gilat Satellite Networks Ltd. has signed a definitive agreement to purchase DataPath, Inc. a market leader in trusted communications for the US DoD, Military and Government Sectors.
The acquisition is another step in Gilat’s initiative to increase its presence in the growing Defense market. Gilat expects its annual revenues in the Defense sector to increase by approximately USD 50 Million following the closing of the acquisition.
Naschitz Brandes Amir and Foley and Lardner LLP are acting as Gilat’s legal counsel. The Naschitz team includedpartners Tuvia Geffen and Idan Lidor alongside associates Gili Aram and Adiell George. DLA Piper LLP and Greenberg Traurig are acting as DataPath’s legal counsel.
