GILT - Comtech Telecommunications To Acquire UHP Networks For Ground Station Tech
Quick Take
Comtech Telecommunications (CMTL) announced it has agreed to acquire UHP Networks for up to a total of $50 million in up front and contingent consideration.
UHP Networks operates as a satellite ground station technology solutions provider.
CMTL is pursuing growth opportunities with deals like this one, but I’m concerned about the stock’s near-term upside potential.
Target Company
Montreal, Canada-based UHP Networks was founded in 2005 to develop and provide satellite ground station technology solutions.
Management is headed by President Vagan Shakhgildian, who has been with the firm since 2011 and