Beam Global Executes Stock Purchase Agreement To Acquire Europe Based Amiga DOO Kraljevo; Transaction Valued At Approximately €10M
Portfolio Pulse from Benzinga Newsdesk
Beam Global has signed a stock purchase agreement to acquire Europe-based Amiga DOO Kraljevo. The transaction, valued at approximately €10 million, is expected to close in early Q4 2023. Post-acquisition, Amiga will be rebranded as Beam Europe.
October 10, 2023 | 10:06 am
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Beam Global's acquisition of Amiga DOO Kraljevo could potentially expand its market presence in Europe. The deal is expected to close in Q4 2023.
The acquisition of Amiga DOO Kraljevo by Beam Global is a strategic move to expand its market presence in Europe. The deal, valued at €10 million, is significant and directly impacts Beam Global. Therefore, it's likely to have a positive impact on the company's stock in the short term.
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