Page 100 - SAMENA Trends - February 2020

SATELLITE UPDATES SAMENA TRENDS

Comtech to Acquire Gilat Satellte Networks for USD 533 Million

Comtech Telecommunications has agreed its wider portfolio of wireless connectivity name. Gilat will add to cash flow, and
to buy Gilat Satellite Networks in a deal systems, while offering both companies Comtech said it believes that with careful
worth USD 532.5 million. The purchase opportunities for international expansion planning and execution, it can capitalize
price will be paid 70 percent in cash and 30 and cross-selling. On a pro forma basis, on opportunities to achieve both sales
percent in Comtech stock. The price of USD the merged group would have USD 926 growth and further efficiencies during the
10.25 per share is a 14 percent premium on million in sales and adjusted EBITDA of second year post-closing. Comtech also
Gilat’s average share price over the past 90 USD 130 million. The combined companies announced the promotion of COO Michael
days. Its shareholders will own around 16 would employ approximately 3,000 people Porcelain to president of the company. He
percent of the merged group. Founded in and serve a range of commercial and will lead the integration of the companies
1987 with its headquarters in Israel, Gilat government customers around the world. following the takeover. Fred Kornberg will
is active worldwide in satellite networking Synergies from the deal are estimated at remain CEO of the group. Gilat’s CFO Adi
technology and services, including ground a conservative USD 2 million from ending Sfadia will lead integration from his side,
stations, in-flight connectivity and network Gilat’s public company obligations. and CEO Yona Ovadi remains head of
infrastructure. The takeover is expected to Comtech plans to maintain a dual listing Gilat’s HQ and research facilities in Israel.
help strengthen Comtech’s position in the on the Tel Aviv and Nasdaq exchanges No facilities are planned to close as a
expanding satellite services market and as well as continue to use the Gilat brand result of the merger.

SES Networks Brings Connectivity to EU Fisheries Control Agency’s

Operations

SES Networks said the European Fisheries broadband to video and voice applications. various European authorities, including
Control Agency is leveraging its satellite- SES Networks also enabled other EMSA recent missions in southern Europe, and
enabled managed connectivity services operations by providing managed environmental protection and fisheries
to allow real-time data exchange between satellite communications to support control in Iceland.
a lightweight Remotely Piloted Aircraft
System (RPAS), EFCA’s chartered vessel
the Lundy Sentinel, and the headquarters
on land to ensure timely decision-making.
The managed connectivity platform
delivered by SES Networks also enables
high-performance connectivity to support
daily operations aboard patrol vessels. The
service is part of a framework agreement
between SES Networks and the European
Maritime Safety Agency (EMSA). The
patrolling missions in the Mediterranean
Sea, the western waters of the north-east
Atlantic Ocean, North Sea and Baltic Sea
see EFCA use the multipurpose vessel
comprising a suite of EMSA products, such
as pollution and oil spill monitoring and
response, and a lightweight quadcopter
RPAS. SES Networks’ platform enables
managed services ranging from RPAS
real-time data transfer to internet

100 FEBRUARY 2020