Ceragon Networks Ltd. (CRNT), a provider of end-to-end wireless connectivity, announced Tuesday that it has entered into a definitive agreement to acquire End 2 End Technologies, LLC a US systems integration and software development company, for approximately $8.5 million, and up to an additional $4.3 million subject to achieving certain financial goals primarily in 2025 and paid mostly in 2026.
At closing, Ceragon will finance the cash consideration from its available cash and unused credit facilities and will issue approximately 215,000 ordinary shares.
Ceragon is expected to generate $15 million to $19 million in incremental 2025 revenue from this acquisition. Ceragon management expects the combination to accelerate its strategy in the Private Networks domain and anticipates the transaction to be accretive to adjusted earnings by the second half of 2025.
The closing of the transaction is subject to customary closing conditions. Ceragon expects the deal to close by the end of January 2025.
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