🚨 $ONDS Expands Industrial AI Platform With $125M Cyberhawk Acquisition
$ONDS has announced the acquisition of Cyberhawk in a $125 million deal, with approximately 95% of the consideration paid in cash, adding another high-quality, dual-use technology platform to its portfolio.
Cyberhawk specializes in drone-based inspection, AI analytics, and software solutions for critical infrastructure including power grids, energy facilities, and pipelines. Founded in 2008, the company serves more than 300 customers across 40 countries, with clients including PG&E, Shell, Southern California Edison, and QatarEnergy.
The acquisition brings a business expected to generate over $45 million in revenue, with roughly 95% recurring, supported by a $95 million backlog. Management expects margins to expand from high single digits today to more than 25% by 2030.
The deal structure also highlights strong confidence in the combined company. About 95% of the purchase price is being paid in cash, while Cyberhawk’s leadership elected to reinvest a portion of their proceeds into $ONDS shares, subject to a one-year lockup.
By paying $125 million for a business with highly recurring revenue, a substantial backlog, and significant margin expansion potential, $ONDS continues to broaden its platform through acquisitions that are expected to be immediately accretive.
Welcome to the $ONDS family, Cyberhawk. 🚀
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