Ondas Acquires Gate Technologies for $205M + Earn-Out
Ondas Inc. announced the acquisition of Gate Technologies Ltd. and its affiliate Bron Technologies for a total consideration of $205 million, comprising $105 million in cash and $100 million in Ondas common stock, along with a working capital adjustment. An additional $185 million in performance-based earn-out payments may be made over time. Gate Technologies is a developer of Electronic Safe & Arm Devices (ESADs) and advanced electronic fuzing technologies, which are integrated into numerous weapon systems. This acquisition is expected to significantly enhance Ondas' Precision Strike platform by adding critical safety and fuzing capabilities, expanding its market reach, and contributing to its financial performance with an anticipated over $130 million in Adjusted EBITDA through 2028.
Key Highlights
- Ondas Inc. acquired Gate Technologies and Bron Technologies for $205 million in cash and stock, plus a working capital adjustment.
- The acquisition includes up to $185 million in performance-based earn-out payments.
- Gate Technologies specializes in Electronic Safe & Arm Devices (ESADs) and advanced electronic fuzing technologies.
- The deal is expected to add a critical technology layer to Ondas' Precision Strike platform.
- Ondas expects the acquired business to contribute over $130 million in aggregate Adjusted EBITDA through 2028.
- The transaction expands Ondas' engineering, production, and customer access across the US, Europe, and Israel.
Price Impact
More from ONDS