Ondas Inc. has agreed to acquire Cyberhawk, a Scotland-based drone inspection and infrastructure intelligence company, in a deal valued at approximately $125 million, the companies announced June 18. The deal is expected to close in the third quarter of 2026, pending regulatory approval.

Founded in 2008, Cyberhawk has inspected more than 500,000 infrastructure assets across 300-plus customers in 40 countries, including PG&E, Southern California Edison, Shell, SSE, ESB, Qatar Energy, and Bechtel. Its cloud-based iHawk platform handles digital-twin visualization, geospatial intelligence, and AI-assisted asset analytics built on more than 232 terabytes of proprietary inspection data. The company is projecting more than $45 million in revenue for the fiscal year ending March 2027, with about 95 percent recurring revenue and a $95 million backlog.

For Ondas, the acquisition extends a dual-use strategy that has so far centered on defense and security autonomy — American Robotics, Airobotics, Iron Drone, Sentrycs — into commercial critical-infrastructure markets. Eric Brock, Ondas chairman and CEO, framed the deal around the overlap between the two: infrastructure resilience and energy security, he said, are increasingly treated as national security priorities in their own right, which he sees as expanding the addressable market for combined autonomous-sensing and analytics platforms. Cyberhawk founder and CEO Chris Fleming will continue running the business post-close; Ondas says Cyberhawk’s inspection, software, and analytics operations will continue without interruption.

Lincoln International acted as financial advisor to Cyberhawk’s shareholders.