Gilat Satellite Networks Ltd. said its Spacenet Inc. subsidiary acquired all remaining shares of StarBand not already owned by Gilat and plans to merge the operations of StarBand into Spacenet. Terms of the transaction were not disclosed.

“We believe that this transaction is an important step forward in our efforts to grow Gilat’s service business unit,” Gilat Chairman and CEO Shlomo Rodav said in a prepared statement. “With Spacenet and StarBand operating together, we see a synergistic opportunity for growth and efficiency as one tightly integrated business serves the needs of all satellite network users in North America.”