Gilat Satellite Buying Raysat Antenna for $25 Million

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has agreed to acquire Raysat Antenna Systems, a Vienna, Va.-based. The deal is valued at around $25 million in cash, and is expected to close within the next six months. Raysat has raised around $37 million in VC funding from Benchmark Capital, Apax Partners and Israel Seed Partners.

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