Ondas said it has agreed to acquire Cyberhawk in a deal valued at approximately $125 million, with 95% of the consideration to be paid in cash.
The company said Cyberhawk is expected to add more than $45 million in revenue for the fiscal year ending March 2027, along with high-single-digit EBITDA margins that are projected to rise to 25% by 2030.
Cyberhawk also brings a $95 million backlog spanning utility, renewable energy and energy infrastructure customers.
The business has inspected more than 500,000 infrastructure assets and accumulated more than 232 terabytes of proprietary inspection data.
Ondas said Cyberhawk’s customer base includes multi-year contracts and software subscriptions, with more than 20% expected market growth tied to recurring revenue.
The acquisition is intended to expand Ondas into critical infrastructure intelligence by adding inspection operations, the iHawk software analytics platform and a proprietary infrastructure data layer.
The combined platform is being positioned around sensing, autonomous data collection, visualization and analytics, with Ondas highlighting immediate scale in the U.S. and a larger recurring software and services mix. Following these announcements, the company's shares moved -1.15%, and are now trading at a price of $9.015. If you want to know more, read the company's complete 8-K report here.
