Gilat Completes Purchase of Wavestream for $130M

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Satellite ground terminal and services provider Gilat Satellite Networks Ltd. said Nov. 29 it had completed its $130 million acquisition of Wavestream Corp., a San Dimas, Calif.-based company that manufactures solid-state power amplifiers for satellites.

Petah Tikva, Israel-based Gilat said Wavestream is expected to generate approximately $70 million in revenue for 2010 with a gross profit margin of between 15 and 20 percent.

Wavestream will operate as a separate business unit, Gilat said in a press release. Cliff Cook will remain Wavestream’s chief executive officer, reporting to Gilat Chief Executive Aviram Levinberg.

Wavestream manufactures Ka-, Ku-, X- and C-band solid-state power amplifiers and block upconverters for defense and broadcast satellite communication systems.