Ceragon Networks announced a definitive agreement to acquire End 2 End Technologies, LLC, a U.S. systems integration and software development company specializing in private networks for the Energy and Utilities markets. The acquisition consideration is approximately $8.5 million, with up to an additional $4.3 million contingent on achieving certain financial goals primarily in 2025.
The company expects this acquisition to generate $15 million to $19 million in incremental revenue for 2025. Ceragon anticipates the transaction will be accretive to its non-GAAP earnings by the second half of 2025, accelerating its strategic growth in the private networks domain.
Ceragon plans to finance the cash consideration from its available cash and unused credit facilities, and will issue approximately 215,000 ordinary shares. The deal is expected to close by the end of January 2025, enhancing Ceragon's system integration capabilities and proprietary network management software platform.
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