Gogo completed the acquisition of Satcom Direct yesterday for $375 million in cash and issuance of five million shares of Gogo stock to SD ownership. The sellers could further realize an additional $225 million “tied to realizing performance thresholds over the next four years,” according to Gogo, which funded the deal with $250 million in debt and $150 million in cash.
The acquisition expands Gogo’s airborne connectivity offerings, making the Broomfield, Colorado company “the only multi-orbit, multi-band, in-flight connectivity provider serving the needs of every segment of the global business aviation and military/government mobility markets.” These offerings include Gogo’s air-to-ground network, covering the continental U.S. and parts of Canada and Alaska; Satcom Direct’s FlexExec Intelsat Ku-band and PlaneSimple Ku- and Ka-band geostationary orbit (GEO) satcom antennas and terminal hardware and global broadband customers plus other satellite-related and cybersecurity services; and Gogo’s upcoming Galileo low-earth-orbit (LEO) satcom on Eutelsat’s OneWeb satellite network.
In this article
More In Cabin Interior and Electronics
