Ondas Holdings Inc.
Ondas Inc. Announces Acquisition of Cyberhawk Holdings
Summary
Ondas Inc. has entered into a definitive agreement to acquire Cyberhawk Holdings Limited, a global leader in critical infrastructure intelligence, for approximately $125 million. The acquisition, which is expected to close subject to regulatory approvals and other customary closing conditions, will expand Ondas' platform with scaled inspection operations, the iHawk software analytics platform, and a proprietary infrastructure data layer. The deal is expected to enhance Ondas' position in the critical infrastructure intelligence market, with high-single digit EBITDA margins expanding to 25% by 2030. The acquisition is expected to generate over $45 million in revenue for fiscal year ending March 2027, with a 20%+ expected market growth and high level of recurring revenue via multi-year customer contracts and software subscriptions.
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About Ondas Holdings Inc.
Ondas Holdings Inc. is a technology company specializing in advanced wireless networking solutions. The company's primary function is to develop and provide mission-critical networking infrastructure for the Industrial Internet of Things (IIoT). Ondas Holdings offers its proprietary FullMAX radio platform, which is designed for secure, reliable, and extensive coverage networking in open and challenging environments, making it particularly suitable for industrial and commercial sectors. The industries it impacts include utilities, transportation, and public safety, among others, by providing robust wireless communication networks that enhance operational efficiencies and safety protocols. Ondas Holdings is significant in the market for its innovative approach to addressing the unique communication needs of large-scale enterprises, driving the digital transformation of traditional industries towards more connected and data-driven operations.
Official SEC Documents
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