Status: Clearance
Acquirer: Gilat Satellite Networks Ltd. (Israel)
Acquired: DataPath, Inc. (U.S.)
Value: Unknown
Industry Tags: Telecommunications; Satellites; Technology Services
Update: On November 16, 2023, Gilat Satellite Networks Ltd. announced “it has completed the acquisition of DataPath, Inc.” after it “received regulatory approvals, including the receipt of clearance from the Committee on Foreign Investment in the United States (CFIUS).” (Gilat Satellite Networks Ltd. Form 6-K, Nov. 16, 2023, SEC Filing.)
Posted on June 6, 2023
Status: Upcoming/New Filing
On March 8, 2023, Gilat Satellite Networks Ltd., an Israeli publicly traded (NASDAQ/TASE: GILT) “global provider of satellite-based broadband communications,” “signed a definitive agreement to acquire 100% of the shares of DataPath, Inc. a US based expert systems integrator with a strong focus on the US Department of Defense (DoD) and the US government sectors.” (Gilat Satellite Networks Ltd. Form 20-F, Mar. 13, 2023, SEC Filing.) “The closing of the transaction is subject to certain regulatory approvals, including the receipt of clearance of the Committee on Foreign Investment in the United States (CFIUS), and other customary closing conditions.” (Id.)
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