Ondas to Acquire Cyberhawk for $125M, Expanding into Critical Infrastructure Intelligence
Summary
Ondas Inc. announced the acquisition of Cyberhawk, a leader in critical infrastructure intelligence, for $125 million, significantly boosting its revenue and expanding its dual-use technology platform.
Key Events
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Acquisition of Cyberhawk
Ondas will acquire Cyberhawk Holdings Limited, a global leader in critical infrastructure intelligence, for approximately $125 million. The transaction is 95% cash-funded, with 5% in Ondas common stock to Cyberhawk leadership.
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Significant Revenue Addition
Cyberhawk is expected to generate over $45 million in revenue for its fiscal year ending March 2027, with high-single digit EBITDA margins projected to grow to 25%+ by 2030.
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Strategic Expansion
The acquisition expands Ondas into critical infrastructure intelligence, adding drone-based inspection, visual data management, and AI-enabled analytics, strengthening its dual-use technology platform across defense, security, and industrial markets.
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Strong Financial Profile
Cyberhawk brings a $95 million backlog and approximately 95% recurring revenue from multi-year customer contracts and software subscriptions, indicating strong revenue visibility and stability.
Analysis
This acquisition significantly expands Ondas's market presence and capabilities in the critical infrastructure sector. Cyberhawk brings over $45 million in annual revenue, high-single digit EBITDA margins, and a substantial $95 million backlog, with 95% recurring revenue. The deal, primarily cash-funded, integrates a profitable, fast-growing company into Ondas's dual-use technology platform, enhancing its offerings in autonomous systems, AI-enabled analytics, and visual data management for both commercial and defense markets.
At the time of this filing, ONDS was trading at $9.38 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $1.36 to $15.28. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.