Expands Private Networks Offerings in
North America;
Expected to be Accretive to Non-GAAP
Earnings Basis, by the Second Half of 2025
ROSH HA'AIN,
Israel, Feb. 3, 2025
/PRNewswire/ --
Ceragon (NASDAQ: CRNT), a
leading solutions provider of end-to-end wireless
connectivity, today announced that it has completed the acquisition
of End 2 End Technologies, LLC, a U.S. systems integration and
software development company that serves Private Networks,
primarily in the Energy and Utilities markets.
End 2 End Technologies adds unique expertise in
the Energy and Utilities markets, providing proficiency in radio
frequency communications, both in broadband and narrowband, as well
as its wide support of industrial applications.
Doron Arazi,
Ceragon CEO, said "End 2 End Technologies enhances our capabilities
in the fastest-growing portion of the telecommunications
connectivity market, adding proven system integration capabilities
and a unique network management software platform, making our
solutions increasingly tailored to private network customers
particularly in North America. We
welcome the talented End 2 End team to Ceragon."
The terms of the acquisition are aligned with
previously disclosed expectations.
Roth Capital Partners served as financial
advisors to Ceragon for this transaction, and Mintz, Levin, Cohn,
Ferris, Glovsky and Popeo, P.C. provided legal advisory
services.
About Ceragon
Ceragon (NASDAQ: CRNT) is the global innovator
and leading solutions provider of end-to-end wireless connectivity,
specializing in transport, access, and AI-powered managed &
professional services. Through our commitment to excellence, we
empower customers to elevate operational efficiency and enrich the
quality of experience for their end users.
Our customers include service providers,
utilities, public safety organizations, government agencies, energy
companies, and more, who rely on our wireless expertise and
cutting-edge solutions for 5G & 4G broadband wireless
connectivity, mission-critical services, and an array of
applications that harness our ultra-high reliability and speed.
Ceragon solutions are deployed by more than 600 service providers,
as well as more than 1,600 private network owners, in more than 130
countries. Through our innovative, end-to-end solutions, covering
hardware, software, and managed & professional services, we
enable our customers to embrace the future of wireless technology
with confidence, shaping the next generation of connectivity and
service delivery. Ceragon delivers extremely reliable, fast to
deploy, high-capacity wireless solutions for a wide range of
communication network use cases, optimized to lower TCO through
minimal use of spectrum, power, real estate, and labor resources -
driving simple, quick, and cost-effective network modernization and
positioning Ceragon as a leading solutions provider for the
"connectivity everywhere" era.
For more information please visit:
www.ceragon.com
Ceragon Networks® and FibeAir® are registered
trademarks of Ceragon Networks Ltd. in the United States and other countries.
CERAGON® is a trademark of Ceragon, registered in various
countries. Other names mentioned are owned by their respective
holders.
Safe Harbor
This press release contains statements that
constitute "forward-looking statements" within the meaning of the
Securities Act of 1933, as amended and the Securities Exchange Act
of 1934, as amended, and the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on the current beliefs, expectations and
assumptions of Ceragon's management about Ceragon's business,
financial condition, results of operations, micro and macro market
trends and other issues addressed or reflected therein. Examples of
forward-looking statements include, but are not limited to,
statements regarding: projections of demand, revenues, net income,
gross margin, capital expenditures and liquidity, competitive
pressures, order timing, supply chain and shipping, components
availability, growth prospects, product development, financial
resources, cost savings and other financial and market matters. You
may identify these and other forward-looking statements by the use
of words such as "may", "plans", "anticipates", "believes",
"estimates", "targets", "expects", "intends", "potential" or the
negative of such terms, or other comparable terminology, although
not all forward-looking statements contain these identifying
words.
Although we believe that the projections
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that our
expectations will be obtained or that any deviations therefrom will
not be material. Such forward-looking statements involve known and
unknown risks and uncertainties that may cause Ceragon's future
results or performance to differ materially from those anticipated,
expressed or implied by such forward-looking statements. These
risks and uncertainties include, but are not limited to: the risk
that the transaction may not be completed in a timely manner or at
all, which may adversely affect the companies' businesses and the
price of Ceragon's traded securities; uncertainties as to the
timing of the consummation of the transaction and the potential
failure to satisfy the conditions to the consummation of the
transaction; delays, disruptions or increased costs in the
integration of End 2 End Technologies' business with Ceragon;
unanticipated restructuring costs may be incurred or undisclosed
liabilities assumed; attempts to retain key personnel, customers,
and vendors may not succeed; risks related to diverting
management's attention from Ceragon's ongoing business operations;
exposure to inflation, currency rate and interest rate fluctuations
and risks associated with doing business locally and
internationally, as well as fluctuations in the market price of
Ceragon's traded securities; the effects of the evolving nature of
the war situation in Israel and
the related evolving regional conflicts; the impact of general
economic conditions on the on Ceragon's and End 2 End Technologies'
business; ongoing or potential litigations or disputes, incidental
to the conduct of End 2 End Technologies' ongoing business, with
customers, suppliers, landlords, or other third parties; potential
adverse reactions or changes to business relationships resulting
from the announcement or completion of the transaction; potential
negative changes in general economic conditions in the regions or
the industries in which Ceragon and End 2 End Technologies operate;
and such other risks, uncertainties and other factors that could
affect our results of operation, as further detailed in Ceragon's
most recent Annual Report on Form 20-F, as published on
March 21, 2024, as well as other
documents that may be subsequently filed by Ceragon from time to
time with the Securities and Exchange Commission.
We caution you not to place undue reliance on
forward-looking statements, which speak only as of the date hereof.
Ceragon does not assume any obligation to update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release unless
required by law.
While we believe that we have a reasonable basis
for each forward-looking statement contained in this press release,
we caution you that these statements are based on a combination of
facts and factors currently known by us and our projections of the
future, about which we cannot be certain. In addition, any
forward-looking statements represent Ceragon's views only as of the
date of this press release and should not be relied upon as
representing its views as of any subsequent date. Ceragon does not
assume any obligation to update any forward-looking statements
unless required by law.
Ceragon's public filings are available on the
Securities and Exchange Commission's website
at www.sec.gov and may also be obtained from Ceragon's
website at www.ceragon.com.
Investor Contact:
Rob Fink
FNK IR
646-809-4048
crnt@fnkir.com
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SOURCE Ceragon Networks Ltd.
