Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company") and Satcom Direct today announced entry into a definitive agreement under which Gogo will acquire Satcom Direct to create the only in-flight connectivity provider able to satisfy the performance and cost needs of every segment of the global business aviation (BA) and military/government mobility markets.

O n Monday, September 30th, Gogo, one of the leading providers of broadband connectivity services for the private aviation industry, announced that it will acquire Satcom Direct,

Gogo Inc. GOGO recently announced a definitive deal to acquire Satcom Direct for $375 million cash and five million GOGO shares at closing. In addition, Satcom Direct is entitled to receive an additional $225 million contingent to certain performance thresholds over the next four years.

Gogo and Satcom Direct announced entry into a definitive agreement under which Gogo will acquire Satcom Direct to create the only in-flight connectivity provider able to satisfy the performance and cost needs of every segment of the global business aviation (BA) and military/government mobility markets.

Gogo Announces Plan To Buy Satcom Direct is published in The Weekly of Business Aviation, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership. Already a member of AWIN or subscribe to The Weekly of Business Aviation through your company? Login with your existing email and password.

Gogo will acquire Satcom Direct, a highly respected player in the world of business aviation that delivers a variety of IFC services.

The satellite communiations Gogo and Satcom Direct firms will branch out from business aviation to the military sector.