Gogo Inc. Acquires Satcom Direct

September 30, 2024

Gogo Inc. has agreed to acquire Satcom Direct for $375 million in cash plus five million shares of Gogo stock, with up to $225 million of additional earnout consideration tied to performance thresholds. The deal creates a multi-orbit, multi-band in-flight connectivity provider, expanding Gogo's global business aviation footprint and adding Satcom Direct's military/government capabilities and international sales/service presence.

Buyers
Gogo Inc.
Targets
Satcom Direct
Location
Florida, United States
Transaction Type
Buyout

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