Ondas Holdings acquired GATE Technologies Ltd. and Bron Technologies to expand its defense technology portfolio. The transaction is valued at $205 million upfront. Potential earn-out payments could reach an additional $185 million through 2028 based on financial performance.
The initial payment includes $105 million in cash and $100 million in Ondas common stock. GATE Technologies specializes in electronic fuzing and Safe & Arm Devices for missiles and UAVs.
Ondas expects the acquired businesses to generate over $130 million in aggregate Adjusted EBITDA through 2028. Projected revenues reach $65 million in 2026. Annual revenue is forecast to rise to $180 million by 2028.