Beam Global signs LOI to acquire European drone technology company
BEEM•Beam Global signs non-binding LOI to acquire European drone technology company
- Beam Global signed a non-binding LOI to acquire a vertically integrated European drone technology company with proprietary AI-enabled drone software.
- The transaction aims to add a proven drone platform, shifting Beam toward vertically integrated drone manufacturing alongside software services.
- Post-closing plans call for drone production in Beam’s existing U.S. and European factories, targeting sales across its global customer base.
- The target’s drone system holds conditional U.S. Department of War approval tied to a U.S. onshoring plan, with U.S. manufacturing intended to comply.
- The deal remains subject to due diligence and definitive agreements, with no assurance it will close.
