NUBURU Provides Update on Tekne Acquisition Timetable: Golden Power Approved, October 15 Closing Targeted
NUBURU is targeting October 15, 2026 for the notarial meeting to complete its acquisition of a 70% controlling interest in Italian industrial company Tekne S.p.A. Italian Golden Power authorization was granted August 5, 2026 and the Italian sub-holding NUBURU Defense Italy S.r.l. is in place, leaving only corporate approvals and final documentation outstanding.
Key figures
- Deal Value Usd
- 70% controlling interest in Tekne S.p.A. (value not disclosed)
- Acquired stake
- 70%
- Tekne personnel
- 185
- Target closing date
- October 15, 2026
- Tekne net remaining order value
- $135.4 million
AI analysis
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