NUBURU Acquires Initial Stake in Tekne S.p.A. and Launches U.S. Defense JV

August 21, 2025

NUBURU, Inc. acquired an initial minority stake (3%) in Italian defense vehicle and electronics manufacturer Tekne S.p.A. and launched an 80/20 U.S.-based joint venture (Nuburu Defense and Tekne) to execute an immediate $7.5 million backlog of non-Italian contracts, manufacture Tekne product lines for the Americas, and co-develop new defense technologies. The transaction is structured as a phased acquisition (via a Luxembourg vehicle, TCEI) that contemplates up to a 70% controlling interest in Tekne and includes commitments to finance up to €40 million of Tekne working capital while complying with Italian Golden Power requirements.

Buyers
NUBURU, Inc., Nuburu Defense (NUBURU subsidiary), TCEI (Luxembourg investment vehicle)
Targets
Tekne S.p.A.
Sellers
Tekne shareholders
Location
Italy
Transaction Type
Buyout

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