Gilat Satellite Networks completes acquisition of Stellar Blu Solutions

(Telecompaper) Gilat Satellite Networks said that it has closed the acquisition of Stellar Blu Solutions, a US-based provider of satcom terminal products, for a consideration of USD 98 million in cash, as adjusted. Gilat expects its annual revenues from Stellar Blu to range between USD 120 million and USD 150 million in 2025, based on Stellar Blu's backlog...