Beam Global Acquires AllCell Technologies
February 23, 2022
Beam Global (Nasdaq: BEEM) entered into a definitive asset purchase agreement to acquire AllCell Technologies in an all-stock transaction, combining Beam’s EV charging and clean-energy products with AllCell’s battery engineering and manufacturing. The deal is intended to secure Beam’s battery supply chain, expand manufacturing and IP capabilities, reduce COGS, and accelerate product development across EV, micro-mobility, aviation and stationary energy markets.
- Buyers
- Beam Global
- Targets
- AllCell Technologies
- Sellers
- AllCell shareholders
- Industry
- Energy
- Location
- Illinois, United States
- Transaction Type
- Buyout
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