NUBURU Completes Tekne Acquisition, Adding a $93 Million Defense & Dual-Use Program Portfolio and Advancing Expansion Across NATO and Allied Markets
NUBURU completed its acquisition of a 70% controlling interest in Italian defense manufacturer Tekne S.p.A., closing in Italy after Italian Golden Power authorization granted August 5, 2026. Terms were renegotiated favorably: a EUR 5.2 million fixed purchase price, earn-out capped at EUR 20 million payable only in cash (no share issuance), and a EUR 29.7 million waiver of shareholder loans converted into permanent Tekne equity. NUBURU gains control of 185 personnel, three Italian facilities, and roughly $93.1 million of remaining program value in electronic warfare and defense mobility — though that figure is a preliminary, unaudited management measure, not signed backlog.
Key figures
- Deal Value Usd
- EUR 5.2 million fixed purchase price for additional 67.1% interest
- Earnout cap
- EUR 20 million (reduced from EUR 29.692 million, ~32.6% reduction)
- Loan waiver
- EUR 29.7 million shareholder loans waived into permanent Tekne equity
- Debt retired
- $16.75 million retired from $38.0 million public offering proceeds
- Total assets
- $69.12 million at June 30, 2026
- Earnout terms
- 5% of Tekne annual US GAAP revenues 2027-2036, EUR 2M minimum annual payment, cash only, from 2028
- Ew market 2026
- $32.35 billion growing to $64.66 billion by 2031 (MarketsandMarkets)
- Tekne personnel
- 185
- Deferred payment
- EUR 1.2M at signing, EUR 4M deferred through March 2027
- Tekne facilities
- 3
- Ownership acquired
- 70% controlling interest (additional 67.1%)
- Anti drone market 2026
- $4.1 billion reaching $19.8 billion by 2033 (Grand View Research)
- Program portfolio value
- $93.1 million (EUR 80.6 million) remaining program value (preliminary, unaudited)
AI analysis
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