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BOSTON - Ondas Holdings Inc. (NASDAQ:ONDS), whose stock has surged over 460% in the past year according to InvestingPro data, announced Tuesday it has entered into a definitive agreement to acquire a 51% controlling interest in S.P.O Smart Precision Optics (SPO), an Israel-based manufacturer of advanced precision optical components and systems.
The acquisition will bring SPO’s capabilities in high-end precision optics processing, proprietary optical coatings, and optical manufacturing under Ondas’ control. SPO, based in Kibbutz Shamir, is recognized as a critical supplier to Israeli defense corporations, supporting systems ranging from missile defense to armored vehicles and high-power weapons. The deal comes as Ondas maintains a healthy liquidity position with a current ratio of 2.9x and operates with moderate debt levels.
"The acquisition of S.P.O. Smart Precision Optics will represent a major step in strengthening Ondas’ leadership in advanced defense technologies," said Eric Brock, Chairman and CEO of Ondas Holdings.
SPO’s expertise spans optical design, CNC processing, polishing, metrology, and cementing, enabling delivery of complete optical solutions. According to the press release, the precision optics market was valued at nearly $29 billion in 2025, with high precision optics accounting for $3.3 billion. InvestingPro analysis suggests Ondas is currently trading above its Fair Value, with a market capitalization of $1.33 billion and impressive revenue growth of 75% in the last twelve months.
Oshri Lugassy, Co-CEO of Ondas Autonomous Systems, described SPO as "a strategic asset for national defense and a unique global player in precision optics."
The acquisition aligns with Ondas’ strategic growth program to scale its global operating platform. Ondas Holdings operates through two business units: Ondas Autonomous Systems, which offers AI-driven defense and security drone platforms, and Ondas Networks, which provides wireless broadband technology.
Financial terms of the acquisition were not disclosed in the company’s statement. For deeper insights into Ondas Holdings’ financial health and growth prospects, including 16 additional ProTips and comprehensive valuation metrics, investors can access the full analysis through InvestingPro’s detailed research report.
In other recent news, Ondas Holdings Inc. has been active with several significant developments. The company announced the successful closing of a public offering, raising approximately $163 million. This capital will be utilized for working capital, general corporate purposes, and potential strategic transactions. Additionally, Ondas is set to acquire Israeli robotics firm Apeiro Motion for $12 million, a move that will enhance its capabilities in ground robotics and fiber optic communications systems.
In terms of analyst activity, Needham initiated coverage on Ondas with a Buy rating and a price target of $5, adding the company to its Conviction List. Northland also raised its price target for Ondas to $5, highlighting the company’s impressive 555% revenue growth in the second quarter, which surpassed their estimates. Meanwhile, Safe Pro Group Inc. announced an $8 million investment from strategic investors, including Ondas Holdings, for AI defense technology. This investment could potentially expand to a $20 million package with additional warrants. These developments reflect Ondas Holdings’ strategic expansions and financial activities.
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