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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