Beam Global to acquire ScoutDI for $24 million
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- Beam Global signed a definitive agreement to acquire drone and software company ScoutDI for approximately $24 million.
- The strategic acquisition expands the company's hardware and software capabilities across 30 nations.
- The company expects to establish dedicated drone production facilities in both the United States and Europe.
Beam Global (NASDAQ:BEEM) signed an agreement to acquire drone and software company ScoutDI in a $24.million transaction.
The purchase price structure combines cash and common stock, backed by commitments for non-dilutive cash financing.
ScoutDI serves industrial customers across 30 nations and generates recurring software subscription revenue from its platform.
The company stated that the acquisition is expected to close in November 2026, subject to customary closing conditions.
ScoutDI sellers can earn full performance payouts if software and drone revenues exceed target thresholds through 2027.
Beam Global plans to establish regional production hubs in the United States and Europe to supply global markets.
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