Ondas Inc. has acquired Cyberhawk™ for $125.0M, purchasing the company known for its pioneering work in using unmanned vehicles for industrial asset inspections. Founded in 2008, Cyberhawk established itself as the first company globally to deploy unmanned aerial systems (UAS) for inspecting critical infrastructure. This acquisition marks a significant expansion for Ondas, integrating Cyberhawk’s advanced inspection services and its cloud-based visualization software platform, iHawk™, into its portfolio. The transaction clearly signifies a corporate acquisition, with Ondas buying Cyberhawk outright.
Cyberhawk has built a robust operational footprint, with its world-class pilots and inspection engineers completing hundreds of thousands of UAS inspection missions annually across more than 40 countries for over 300 customers. The company specializes in close visual inspections of vital assets, including electrical grids, power generation sites, oil and gas structures, and capital-intensive industrial construction projects, always prioritizing safety. Its iHawk™ platform is central to its offering, consolidating diverse inspection data sources into a single source of truth, enabling customers to identify defects in critical energy infrastructure and document large-scale industrial sites effectively.
The strategic rationale behind this acquisition centers on leveraging Cyberhawk’s innovative approach to industrial data management and its established market leadership. Cyberhawk has been instrumental in transforming traditional industry operations by empowering customers to integrate visual assets and data within their workflows, leading to faster, better decision-making and substantial cost savings. The synergy expected from this purchase involves combining Cyberhawk’s deep expertise in UAS inspections and data analytics with Ondas’s strategic objectives, aiming to deliver more comprehensive and integrated solutions to industrial clients globally.
Looking ahead, the combined entity is poised to enhance its offerings in critical infrastructure management, driving innovation in asset inspection and data visualization. This acquisition is anticipated to strengthen capabilities in delivering solutions that improve operational efficiency and safety for customers across various industrial sectors, further solidifying a leadership position in the evolving landscape of industrial technology.