Gilat announces Signing of Definitive Agreement to Acquire Wavestream Corporation (Caltech) for approximately $130M (10/13/2010)

Wavestream Wireless is a Caltech spinoff that designs and manufactures next generation high power solid state amplifiers.

Gilat Satellite Networks Ltd. (Nasdaq: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it has entered into a definitive agreement to acquire all of the outstanding stock of Wavestream Corporation. Wavestream is a leading provider of high power solid state amplifiers. Wavestream’s family of Ka, Ku, X and C-band Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) provide systems integrators with field-proven, high performance solutions designed for mobile and fixed satellite communication (SATCOM) systems worldwide. Gilat expects to leverage Wavestream’s technology and sales reach to further enhance Spacenet Integrated Government Solutions’ (SIGS) market position in the government sector. read more

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