Nuburu targets October close for 70% Tekne acquisition after Italy Golden Power clearance - BURU News | RalliesNuburu targets October close for 70% Tekne acquisition after Italy Golden Power clearance
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BURU• Nuburu targets October closing for Tekne acquisition
- Nuburu plans to buy 70% of Italy-based defense and security manufacturer Tekne, targeting closing in the first half of October.
- Tekne’s net remaining order value was about $135.4 million, excluding $12.6 million flagged as elevated cancellation risk.
- Preliminary active remaining order value was about $148 million; figures cover 100% of Tekne and are unaudited.
- Tekne employs about 185 staff, focusing on special vehicles, electronics, and mission integration.
- Consolidation would begin only after closing; order conversion depends on delivery, acceptance, and collection.
