# Ondas acquires Indo Earth Moving for $5.7M plus shares

Ondas Inc. acquired 100% of Indo Earth Moving Ltd. for $5,663,398 in cash and 5,493,388 shares, with up to $140 million in contingent stock earn-outs. Indo holds a $140 million tender for military Heavy Engineering Platforms.

- Type: Acquisition
- Announced: 2026-03-17
- Where: India
- Value: $5.66M
- Status: announced
- Products: heavy engineering platforms, military engineering vehicles
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Ondas Inc.](https://endata.com/companies/16132.md) (acquirer)
- [INDO Earth Moving Ltd.](https://endata.com/companies/90889.md) (target)

## Sources

- [stocktitan.net](https://www.stocktitan.net/sec-filings/ONDS/8-k-ondas-inc-reports-material-event-54f759690e82.html), 2026-03-17: "Ondas Inc. entered into a Share Purchase Agreement to acquire 100% of Indo Earth Moving Ltd. on March 17, 2026."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.