AcquisitionsJul 6, 2026, 08:01 AM
Ondas Acquires DZYNE Technologies for $875.8M
AI Summary
Ondas Inc. announced the acquisition of DZYNE Technologies, LLC for approximately $875.8 million, consisting of $200 million in cash and $675 million in equity. This strategic move aims to establish Ondas as a leading autonomous defense platform, integrating DZYNE's long-endurance autonomous aircraft and counter-drone systems. The acquisition is expected to significantly strengthen Ondas's financial profile, with DZYNE projected to generate $191 million in revenue for 2026 and be EBITDA positive, leading Ondas to raise its 2026 revenue target to at least $525 million.
Key Highlights
- Ondas Inc. acquired DZYNE Technologies, LLC on July 2, 2026.
- Total acquisition value is $875.8 million, comprising $200 million cash and $675 million in equity.
- DZYNE shareholders received 85 million Ondas shares, with over 50% subject to a six-month lock-up.
- DZYNE is projected to generate $191 million in revenue for 2026, growing to over $300 million in 2027.
- DZYNE is expected to be EBITDA positive in 2026, with margins reaching mid-teens in 2027 and mid-20% range by 2028.
- Ondas updated its 2026 revenue target to at least $525 million, up from $390 million.
- The acquisition establishes Ondas Sentinel, a new operating division for U.S. defense technologies.
Price Impact
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