Nuburu completes acquisition of 70% stake in Tekne
BURU•Nuburu completed its acquisition of a 70% controlling stake in Tekne through Nuburu Defense, with the additional 67.1% stake costing €5.2 million. Tekne’s historical shareholders retain 30%, and the deal includes a cash earn-out capped at €20 million.
1. Acquisition terms
Nuburu completed the acquisition through Nuburu Defense. The additional 67.1% stake cost €5.2 million, including €1.2 million paid at signing and €4 million deferred through March 2027; historical shareholders retain 30%.
2. Earn-out and loans
A cash earn-out capped at €20 million will pay 5% of annual revenue from 2028, subject to a €2 million annual minimum. No shares will be issued. Approximately €29.7 million in shareholder loans and other receivables were waived and became permanent equity in Tekne.
3. Program value
Tekne adds electronic-warfare and vehicle capabilities. As of September 14, 2026, it had $93.1 million in remaining program value, which the brief says is not signed backlog.
