NUBURU targets October 15 2026 to close 70% Tekne acquisition after Golden Power approval
NUBURU, Inc. announced that the parties aim to hold the notarial meeting on October 15 2026 to finalize the purchase of a 70% controlling interest in Italy’s Tekne S.p.A. The transaction has received Golden Power authorization from the Italian government on August 5 2026 and will be executed through the newly formed sub‑holding NUBURU Defense Italy S.r.l. Tekne brings roughly $135.4 million of signed orders and about 185 employees to NUBURU’s Defense Security platform.
Why it matters
The acquisition will add an established Italian industrial base and a funded order backlog to NUBURU, potentially strengthening its defense and security offerings. Completion of the deal could improve the company’s growth outlook and may be reflected in the stock’s valuation.
Key facts
- 1The notarial meeting for the acquisition is targeted for October 15 2026. tradingview.com
- 2NUBURU is acquiring a 70% controlling interest in Tekne S.p.A. tradingview.com
- 3Golden Power authorization was granted by the Italian Government on August 5 2026. tradingview.com
- 4Tekne reported approximately $135.4 million in preliminary, unaudited net remaining order value. investing.com
- 5Tekne employs roughly 185 personnel across its three Italian sites. finanznachrichten.de
- 6NUBURU Defense Italy S.r.l. will serve as the Italian sub‑holding fully controlled by NUBURU Defense LLC. finanznachrichten.de
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.