NUBURU Acquires 70% of Tekne to Target €100M+ Revenue

Edgen Stock·Mar 20 2026, 11:36

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Key Takeaways

NUBURU has reactivated its acquisition of a 70% controlling stake in Tekne S.p.A. The deal is central to building a global defense and security platform with an ambitious revenue target of over €100 million, signaling a clear strategic direction for investors.

NUBURU signed a binding agreement to acquire a 70% controlling stake in Italian firm Tekne S.p.A.
The move aims to build a comprehensive dual-use defense and security platform with advanced technologies.
The combined company is targeting over €100 million in annual revenue, signaling a strong growth outlook.

NUBURU Secures 70% Controlling Stake in Tekne

On March 20, 2026, NUBURU, Inc. announced it signed a new binding letter of agreement to acquire a 70% controlling ownership stake in Tekne S.p.A. The deal reactivates a previously established strategic framework, cementing NUBURU's plan to expand its footprint in the global defense and security market. This transaction gives NUBURU (NYSE American: BURU) a decisive majority share, enabling the integration of Tekne into its growing platform.

Acquisition Aims for €100M+ in Combined Revenue

The strategic purpose of the acquisition is to accelerate the development of NUBURU's dual-use defense platform, which focuses on directed-energy technologies, electronic warfare, and software-orchestrated systems. By integrating Tekne's operations, NUBURU is creating a more powerful market entity with a stated goal of achieving more than €100 million in annual revenue. This clear financial target underscores the company's ambition to scale its operations and enhance shareholder value through a focused growth strategy.