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.

September 30, 2024
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