NUBURU said it completed the acquisition of a 70% controlling stake in Italy’s Tekne S.p.A. through NUBURU Defense LLC after receiving Italian Golden Power clearance. The company said the deal adds a portfolio of defense and dual-use programs worth $93 million.
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NUBURU, Inc., a NYSE American-listed company trading under BURU, said it completed the acquisition of a 70% controlling stake in Tekne S.p.A. through its subsidiary NUBURU Defense LLC. The company announced the completion on Oct. 16, 2026, and said the notarial closing took place in Italy. A 70% stake gives NUBURU majority ownership and control of Tekne, while 30% remains outside its holding. The transaction is the step that formally brings Tekne into NUBURU’s corporate structure.
The closing followed authorization from the Italian government under the Golden Power regime, granted on Aug. 5. Italy’s Golden Power rules allow the government to review and clear acquisitions involving strategic assets, including defense-related companies. Because Tekne operates in defense and dual-use programs, the transaction required that clearance before it could be completed. NUBURU said the notarial closing occurred after the authorization, making the regulatory step a condition of the deal’s completion.
According to the announcement, the acquisition adds a portfolio of defense and dual-use programs worth $93 million. Dual-use programs typically involve technologies or services with both civilian and military applications, a segment NUBURU identifies as central to its platform. The $93 million figure describes the program portfolio cited by the company, not the price NUBURU paid for the 70% stake. The addition expands NUBURU’s stated program base beyond its existing defense and security platform.
NUBURU framed the deal as part of its expansion in NATO and allied markets. Italy is a NATO member, and defense procurement in allied countries often involves local entities, security reviews and government approvals. The Italian notarial closing and Golden Power clearance are therefore practical steps for operating through a European defense supplier. The announcement does not quantify future revenue or contract awards from the combined business. Based on public news sources.
NUBURU said it completed the acquisition of a 70% controlling stake in Tekne S.p.A. through its subsidiary NUBURU Defense LLC. The company said the notarial closing took place in Italy and that the deal adds a defense and dual-use program portfolio worth $93 million.
Italy’s Golden Power regime allows the government to review acquisitions involving strategic assets, including defense-related companies. NUBURU said the Italian government granted authorization on Aug. 5, and the notarial closing took place after that clearance.
No. The announcement describes the $93 million figure as the value of the defense and dual-use program portfolio added through the acquisition. The purchase price for the 70% stake is not disclosed in the provided announcement.
Dual-use generally refers to technologies or services that can have both civilian and military applications. NUBURU describes itself as a defense and dual-use security platform, and Tekne’s portfolio is described as including defense and dual-use programs.
Deal Structure and Closing
Italian Golden Power Clearance
Tekne’s Defense and Dual-Use Portfolio
NATO and Allied Market Expansion
This article is rewritten from public news sources and further processed by AI. It is provided for information only and does not constitute investment advice — refer to the original source for the authoritative version.
NUBURU framed the acquisition as part of its expansion in NATO and allied markets. Italy is a NATO member, and defense procurement in allied countries often involves local entities and government approvals such as the Golden Power review.
NUBURU holds a 70% controlling stake in Tekne following the transaction. That is a majority interest, meaning NUBURU controls Tekne while 30% remains outside its holding.
