Ondas said it bought three defense technology businesses for $56 million in aggregate consideration, with up to another $32 million tied to performance milestones through 2028.
The acquisitions bring in technologies that Ondas says are already deployed or close to deployment in active conflict environments. Insignito adds passive acoustic sensing for detecting, classifying and tracking drones, including small FPV systems and fiber-optic drones that can be difficult to spot with traditional methods. Ottopia Defense adds AI-powered autonomy, ultra-low-latency teleoperation and resilient communications for unmanned systems. Caribou Labs adds GNSS-denied navigation and resilient communications for environments where GPS and digital infrastructure are disrupted.
Ondas said the purchase price is less than three times the acquired businesses’ expected 2027 revenue.
The company also approved inducement equity grants tied to the deals: restricted stock units covering 2,979,063 shares and stock options for 80,000 shares at an exercise price of $7.72 per share, awarded to 37 newly hired employees.
Within the new portfolio, Insignito’s Dumbo system has been deployed in conflict zones, while Caribou says its technology is already operating in active conflict environments and has a global pipeline of new customer opportunities. Ottopia’s platform is designed to let a smaller number of operators manage multiple unmanned systems from centralized or distributed mission centers.
Ondas said the three businesses will be integrated across its existing portfolio, with Insignito extending its counter-drone stack, Ottopia supporting remote operations for unmanned ground vehicles such as Iron Wave, and Caribou adding navigation and communications for GNSS-denied environments. As a result of these announcements, the company's shares have moved -1.36% on the market, and are now trading at a price of $7.615. If you want to know more, read the company's complete 8-K report here.
