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Ondas Acquires INDO Earth Moving Ltd. Following its $140 Million Strategic Procurement Tender Award for Military Heavy Engineering Platforms from a Major Military Customer
Accessnewswire· 2026-03-17 13:15
Core Insights - Ondas Inc. has acquired INDO Earth Moving Ltd., enhancing its capabilities in military engineering vehicle programs and robotic heavy engineering platforms [1] Group 1: Acquisition Details - The acquisition of INDO positions Ondas as a prime contractor for a $140 million military engineering vehicle tender expected to start generating revenue in Q2 2026 [1] - This transaction is aimed at expanding Ondas Autonomous Systems into robotic heavy engineering platforms through synergies with 4M Defense, Roboteam, and Apeiro Motion Ground Systems [1] Group 2: Strategic Implications - The acquisition is anticipated to drive operating efficiencies across Ondas' ground systems portfolio [1] - Ondas is recognized as a leading provider of autonomous aerial and ground robot intelligence, which will be further strengthened by this acquisition [1]