Ondas Holdings (ONDS) To Acquire Apeiro Motion

Ondas Holdings Inc. (NASDAQ:ONDS) is one of the Best Rising Penny Stocks to Buy According to Hedge Funds. On August 18, Ondas Holdings Inc. (NASDAQ:ONDS) announced that it has agreed to acquire Apeiro Motion in a transaction valued at $12 million. Aperio Motion is an Israeli company specializing in advanced ground robotics and fiber optic communication systems.

Management noted that they plan to operate Apeiro under its Ondas Autonomous Systems business unit and expand the company’s capabilities in ground robotics and secure battlefield communication. This strategic move is also expected to broaden the company’s access to key global defense markets, including the US Department of Defense, NATO, and the EU. The transaction is expected to close in the third quarter of 2025.

Ondas Holdings Inc. (NASDAQ:ONDS) provides private wireless networks and commercial drone solutions.

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Disclosure: None. This article is originally published at Insider Monkey.