Ondas (ONDS) said Wednesday it has acquired defense technology firms Insignito, Ottopia Defense and Caribou Labs for $56 million, payable in cash or Ondas common stock.
The transactions also include potential earnout consideration of up to $32 million, payable upon the achievement of key performance milestones through 2028, the company said.
According to the company, the Insignito deal adds a unique passive acoustic sensing layer to detect, classify and track drones. Ottopia provides software and communications infrastructure for unmanned maneuvering platforms, while Caribou Labs provides global navigation satellite systems-denied navigation.
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