Ondas to buy US drone maker DZYNE Technologies for $875.8 million
US drone and automation firm Ondas Holdings has agreed to acquire uncrewed-aircraft maker DZYNE Technologies for about $875.8 million, according to a report. The deal would broaden Ondas's defense and commercial drone portfolio. It ranks among the sector's largest recent transactions.
US firm Ondas Holdings has agreed to acquire uncrewed-aircraft maker DZYNE Technologies for about $875.8 million, according to a report. The deal would significantly expand Ondas's footprint in defense and commercial drones.
DZYNE develops long-range and autonomous flight systems. The transaction is being read as part of a recent wave of consolidation in the drone sector, where both military and civilian demand have lifted interest in specialist manufacturers.
Investors are watching Ondas shares closely following the report. Completion would depend on regulatory approvals and customary closing conditions. A formal statement from the companies is expected, according to the report.
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