Fifteen months, a journey that several times seemed to stall, until yesterday, when the authorization arrived from the Italian government pursuant to the golden power legislation: Nuburu, an American company active in the defense and dual-use security sectors, was authorized by the Italian government to acquire 70% of Tekne, a deal worth just under 35 million, based on a pre-money valuation of the company of 52 million: 29.692 million were allocated to recapitalization, of which 20.692 million have already been disbursed and another 9 million will arrive in the coming days; another 5.2 million will be used to purchase an additional 10% from the historic shareholders.
Read more War latest news. Russian raid in the Kharkiv region, three dead in Balakliya
Ask the Sun
The questions are automatically suggested by 24Ore AI
based on the content viewed.
Over 85% of the operation’s resources are directly allocated to Tekne, to its capital strengthening, working capital, and production relaunch, and not to the selling shareholders.
Nuburu, in practice, not only takes control of the company but also assumes the industrial and financial risk connected to its recovery.
Read more Fixed-term work: only 10% is for seasonal jobs
The Technology Center of Ortona, in Abruzzo, will thus become the convergence point between Italian production capacity, software, electronics, special mobility, and advanced technologies coming from the Nuburu ecosystem.
The US company, with an all-Italian management, has not simply acquired a vehicle manufacturer but aims to build in Italy a platform developed around six technological directions: 1) non-kinetic laser systems and counter-UAS (anti-drone systems, editor’s note) 2) tactical laser communications resistant to jamming; 3) additive manufacturing in the field; 4) power beaming; 5) underwater laser communications; 6) satellite optical communications.
Read more Zanetti: «South, the Blue economy should be the driving force of the new geography of growth»
