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. 6,
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. Jahani and
Associates served as financial advisor to End 2 End
Technologies.
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.
About Jahani and Associates
Jahani and
Associates is an independent, global investment bank that
provides innovative strategic advice and solutions to a diverse
client base, including corporations and financial sponsors. The
firm has served hundreds of clients from its offices in
New York City, Abu Dhabi, and Singapore. The firm is a global leader in
cross border investment banking and serves the middle market. For
additional information on Jahani and Associates, please visit the
firm's website at jahaniandassociates.com.
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.
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SOURCE End 2 End Technologies
