News: Optoelectronics
13 March 2025
NUBURU completes first acquisition step in defense and security sector
NUBURU Inc of Centennial, CO, USA — which was founded in 2015 and develops and manufactures high-power industrial blue lasers — has completed the first key step in its strategic acquisition plan focused on the defense and security business sector. This aligns with its ongoing commitment to cultivate synergies with its existing laser technology expertise and the adoption of AI-driven solutions and robotic process automation capabilities by virtue of the recent partnership with NexGenAI.
After in late February entering into a commitment letter to acquire a defense and security hub (which includes two target entities: a defense-tech company and a Software as a Service startup focused on operational resilience) in two stages, NUBURU has now completed the acquisition of an initial 20% ownership interest for an total price of $1.5m in cash and $23.5m in five-year notes bearing a 10% interest rate. The second stage, which will require approval by NUBURU’s stockholders, involves the acquisition of additional ownership interests, resulting in NUBURU holding a controlling interest in the target entities.
This step will also be followed by the signing of a joint development agreement aimed at facilitating the adoption of advanced laser technology in the defense sector. Upon completing the second stage of the transaction, that acquisition, combined with a product development alliance, it is expected that NUBURU can leverage potential future up-selling strategies on the existing defense-tech portfolio of clients, which currently comprises about 60 clients across seven countries – including the USA, Italy and UAE - with a backlog of orders totaling $309m, with options for an additional $181m.
“This initial acquisition is a significant milestone in our broader strategy to expand our position in the defense and security markets, where our laser-technology can play a pivotal role,” says executive chairman Alessandro Zamboni. “By combining our technological capabilities with strategic investments and development agreements, we are able to serve more efficiently our target addressable market,” he add. “This is also consistent with a more safe and sound capital-light growth strategy, as recently demonstrated by the full extinguishment of the company’s outstanding long-term indebtedness and keeping going intellectual property, key personnel and relationships to develop and operate within the laser technology field in key strategic sectors.”
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