Ceragon to acquire End 2 End Technologies

• Expected to be Accretive to Non-GAAP Earnings Basis, by the Second Half of 2025
• Expected to Accelerate Ceragon’s Private Networks Business, Particularly in the Energy and Utilities Markets

Rosh Ha'ain, Israel – Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today announced that it has entered into a definitive agreement to acquire End 2 End Technologies, LLC a US systems integration and software development company that serves Private Networks, primarily in the Energy and Utilities markets. The consideration amounts to 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 $15-19 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 non-GAAP earnings by the second half of 2025.

Doron Arazi, Ceragon CEO, said “The acquisition of End 2 End Technologies is expected to accelerate the execution of our strategy, increase our market share in private networks in North America and enhance our capabilities in the fastest-growing portion of the telecommunications connectivity market. End 2 End Technologies also adds proven system integration capabilities, as well as a unique network management software platform that is being sold globally, primarily in the energy space.

“End 2 End Technologies also has an impressive team and strong leadership, with deep technical expertise and a strong full services suite offering, specifically designed for the markets it serves,” added Arazi. “We are confident we can leverage End 2 End Technologies’ team expertise, proprietary software, and system integration capabilities, to further enrich our offering to private networks globally, in multiple verticals.”

For over a decade, End 2 End Technologies has served dozens of customers in the US, building a strong brand with its unique expertise in the Energy and Utilities markets. The End 2 End Technologies has approximately 50 employees and is recognized for its deep technical expertise in radio frequency communications, both in broadband and narrowband, as well as its wide support of industrial applications. End 2 End Technologies believes in driving innovation through the development of its own proprietary software, which very much aligns with Ceragon’s approach to innovation.

Greg Crow, End 2 End Technologies co-founder and CEO, said, “Ceragon’s strategy to grow its market share in private networks, specifically in energy and utilities as well as its current offerings, positioning and footprint in the global markets, make it a strong fit to End 2 End Technologies’ growth and development aspirations. During the due diligence and negotiation phase, we were also exposed to Ceragon’s culture, and we believe that there is a great match that can support a very successful combination.”

The closing of the transaction is subject to customary closing conditions. Ceragon expects the deal to close by the end of January 2025.