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State: 02.04.2025 | 8PM
Tue, 14.01.2025       Ceragon Networks
IL0010851660

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, Jan. 14, 2025 /PRNewswire/ -- 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.

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