Ondas acquires Israel-based GATE Technologies, Bron Technologies in USD 205 million deal
ONDS•Deal terms and strategic rationale
Ondas acquired Israel-based GATE Technologies and Poland-based Bron Technologies to expand its electronic safe-and-arm and fuzing capabilities.
Consideration totals USD 205 million, comprising USD 105 million cash and USD 100 million in Ondas common stock, subject to working capital adjustment.
The deal includes up to USD 185 million of performance-based earn-out tied to financial targets through 2028, payable in cash or stock.
Financial outlook for the acquired business
The acquired business is expected to generate USD 65 million of revenue in 2026, rising to USD 180 million in 2028.
Ondas forecasts more than USD 130 million of aggregate Adjusted EBITDA contribution through 2028 from the acquired operations.
