Ondas Inc. has announced a definitive agreement to acquire Cyberhawk Holdings Limited, a global leader in drone-based critical infrastructure intelligence, for approximately $125 million. This acquisition is designed to expand Ondas' platform into industrial markets, combining Cyberhawk's scaled inspection services, AI analytics, and iHawk software with Ondas' autonomous systems.
Key Details
- Transaction Terms: $125 million total consideration, comprised of ~95% cash and 5% equity rollover for Cyberhawk leadership.
- Target Financials: Cyberhawk is forecasted to generate over $45M in revenue for its fiscal year ending March 2027, with a $95M backlog and approximately 95% recurring revenue.
- Timeline & Rationale: The acquisition is expected to close in Q3 2026 and aims to create a dual-use platform serving both defense and critical industrial infrastructure markets.