Gogo Inc. to Acquire Satcom Direct
September 30, 2024
Gogo Inc. entered into a definitive agreement to acquire Satcom Direct to create a multi-orbit, multi-band global in-flight connectivity provider for business aviation and military/government mobility markets. The deal includes $375 million in cash and five million Gogo shares at closing, with potential additional payments of up to $225 million tied to performance thresholds over the next four years.
- Buyers
- Gogo Inc.
- Targets
- Satcom Direct
- Industry
- Transportation
- Location
- Florida, United States
- Transaction Type
- Buyout
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