Beam Global Completes Due Diligence And Negotiations And Signs Agreement To Acquire Europe Based Amiga
Acquiring Company
Beam Global
Acquired Company
Amiga
San DiegoInformation TechnologyEnergyRenewable EnergySmart CitiesManufacturingEnergyRenewable EnergyDescription
Beam Global, (Nasdaq: BEEM, BEEMW) (“Beam Global” or the “Company”), a leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, today announced the execution of a Stock Purchase Agreement to acquire Europe based Amiga DOO Kraljevo (“Amiga”), an established manufacturer of specialized structures and equipment including street lights, communications and energy infrastructure, whose manufacturing, engineering and sales teams serve municipalities, states and commercial customers in 16 nations. The transaction, valued at approximately €10 million, is expected to close in early Q4 2023 at which time Amiga will be re-branded Beam Europe.
Quick answer
Beam Global is acquiring Amiga, announced October 10, 2023. Beam Global is based in San Diego, California, United States.
- How much did Beam Global pay for Amiga?
- The deal value was not disclosed.
- What does Beam Global do?
- BEAM is a digital tool designed for electricity grid balancing.
- Where are Beam Global and Amiga based?
- Beam Global is based in San Diego, California, United States.
- Who are the decision-makers at Beam Global?
- Fundz holds 3 contacts at Beam Global. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Amiga?
Amiga was acquired by Beam Global, based in San Diego. The deal was reported on October 10, 2023. BEAM is a digital tool designed for electricity grid balancing. Beam Global is publicly traded (BEEM) and operates in Information Technology.
When did Beam Global acquire Amiga?
Beam Global's acquisition of Amiga was reported on October 10, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Amiga do?
Amiga was founded in 1990, has approximately 210 employees and engineering, product development and manufacturing capabilities which Beam Global believes are ideally suited to perfect and manufacture the Company’s current products for the European market. It is privately held, operating in Manufacturing.
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