Gilat Completes Acquisition of Wavestream Corporation (Caltech) (11/29/2010)

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

From the company’s press release:
Gilat Satellite Networks Ltd. (Nasdaq: GILT), a worldwide leader in satellite networking technology, solutions and services, has completed its previously announced acquisition of Wavestream Corporation. Wavestream, a leading provider of high power solid state amplifiers, was acquired for approximately $130M and an earn-out over the next 12 months of up to $6.8M. read full press release

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