• Closes capability gap caused by evolving drone threat with proven, world-class NiDAR C2 technology
• Moves EOS up the value chain with stronger tender positioning and cross-sell opportunities
• Expands international footprint and end-market access, including non-military sectors

EOS is acquiring MARSS, a Europe-based defence and security technology provider, to transform into an integrated counter-drone systems provider. MARSS' proprietary NiDAR C2 technology provides advanced AI-enabled decision-making and sensor-effector orchestration to rapidly counter asymmetric drone threats. The acquisition includes the NiDAR C2 technology, sensor fusion and AI software platform, and associated customer contracts, IP, and personnel. This creates an end-to-end counter-drone solution, allowing EOS to compete for larger, higher-value programs as a prime contractor. The acquisition expands EOS' geographic footprint, broadens its end-market presence, and provides opportunities to leverage MARSS' extensive defence, homeland security, and civil relationships. EOS plans to embed the NiDAR technology into its existing remote weapon system product range, providing clients' vehicle fleets with meshed hemispherical coverage against drone attacks. The transaction is structured as an upfront cash payment of US$36m (~A$54m), plus contingent consideration of up to €100m (~A$174m) tied to new MARSS orders, payable in a combination of cash and/or EOS shares.

The acquisition is anticipated to be broadly neutral for EOS' earnings and operating cash flow in 2026.