Magnesium Capital and BMO completed the acquisition of Cyberhawk Innovations.

Funds advised by Magnesium Capital completed the acquisition of Cyberhawk Innovations, a leader in delivering drone inspections and asset visualisation software for energy infrastructure. Financial terms were not disclosed. Cyberhawk is recognised internationally as a pioneer in the high-growth unmanned aerial vehicle (UAV) inspection market. The company has flown more than 30k commercial missions in more than 30 countries around the world. Many of its UAV world firsts have been successfully commercialised and widely adopted across industrial sectors. “Over the last ten years, with the support of Scottish Equity Partners and the Scottish Investment Bank, our team has not only built a thriving, profitable business, but has played a critical role in the creation and digitisation of the entire UAV inspection industry. We are extremely proud to have established a globally renowned reputation and to be relied upon by many of the world’s largest energy companies." Chris Fleming, Cyberhawk CEO.