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Gogo Inc. acquires Satcom Direct for $375M in cash and shares, aiming to expand in-flight connectivity services.
Gogo Inc. will acquire Satcom Direct for $375 million in cash and five million shares, with an additional $225 million tied to performance targets.
This acquisition aims to enhance Gogo's in-flight connectivity services for business aviation and military markets, expanding its reach to 14,000 aircraft outside North America.
The deal, expected to close by late 2024, will generate approximately $485 million in revenue for Satcom Direct in 2024.
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Gogo Inc. adquiere Satcom Direct por $375M en efectivo y acciones, con el objetivo de ampliar los servicios de conectividad en vuelo.