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Investing.com -- Ondas Holdings Inc (NASDAQ:ONDS) stock surged 11.5% in Monday’s premarket trading after the company announced a definitive agreement to acquire a controlling interest in 4M Defense Ltd., an Israeli smart demining company.
The acquisition will expand Ondas Autonomous Systems’ addressable market into the global landmine and unexploded ordnance (UXO) clearance sector. According to the company, the World Bank estimates the full demining of Ukraine alone at approximately $34.6 billion, with some 110 million mines and other explosive remnants still buried worldwide.
4M Defense specializes in advanced demining capabilities, including robotic systems with terrestrial and subsurface AI-powered intelligence technologies. The company’s Terrestrial Intelligence Platform integrates satellite imagery, drone data, and historical threat maps to identify subsurface hazards.
"We are excited to bring 4M Defense into the Ondas portfolio," said Oshri Lugassy, Co-CEO of Ondas Autonomous Systems. "Their advanced terrestrial intelligence capabilities align squarely with our autonomous drone and AI data solutions and technology roadmap."
The integration aims to create a comprehensive solution for aerial and underground situational awareness by combining 4M’s subsurface mapping capabilities with Ondas’ autonomous drone systems and AI-driven analytics infrastructure.
Under the agreement, Ondas will acquire a controlling interest in 4M Defense while the founding leadership will remain in place.
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