Ondas completes $56 million in three defense technology acquisitions

  • Ondas completed acquisitions of Insignito, Ottopia Defense and Caribou Labs.
  • $56 million covers the deals, with earnouts totaling up to $32 million through 2028.
  • Ondas registered 7.82 million shares for potential resale by acquisition-related stakeholders.

Ondas Inc. completed the acquisitions of Insignito, Ottopia Defense and Caribou Labs for combined consideration of $56 million, expanding its autonomous defense portfolio across drone detection, resilient battlefield communications, remote unmanned operations and navigation when satellite signals are unavailable. The consideration will be paid through a combination of cash and company equity, with performance-based earnouts totaling up to $32 million through 2028 if specified milestones are met. Insignito adds passive acoustic detection, including its DUMBO platform for identifying small first-person-view drones and low-flying aircraft. Ottopia Defense contributes communications and remote-operation software for transmitting video, telemetry and control commands across constrained or unstable networks. Caribou Labs provides resilient positioning, communications and identification capabilities for GNSS-denied environments. Ondas said the $56 million transaction value is below three times the companies' projected combined 2027 revenue, based on internal projections. The transactions also involve approximately 2.98 million restricted stock units and options for an additional 80,000 shares for 37 employees, while a filing registered roughly 7.82 million ONDS shares for potential resale by acquisition-related stakeholders. Ondas will receive no proceeds from those secondary sales. A latest market update cited a Tuesday close of $7.72, up 4.6%, while an earlier update cited $7.76, up 0.45%, after an early-session low near $7.55.

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