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Stock impact report

Beam Global Closes Acquisition of Europe Based Telcom

Beam Global (BEEM) 
Company Research Source: GlobeNewswire
SAN DIEGO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM) (“Beam Global” or the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced the closing of the acquisition of Telcom, a European based company located in Belgrade (“Telcom”), which since 1990 engineers and manufacturers specialized power electronics including invertors, charge controllers, power supplies and LED lighting. Acquisition Expands Market Reach and Product Development while Providing Vital Power Electronics Expertise Beam Global expects that the acquisition of Telcom will enable the Company to enhance its products, improve quality, reduce warranty and service requirements, and reduce costs through the replacement of third-party power electronic components with Beam Global engineered and manufactured solutions. The Company believes that Beam Global’s current and future suite of products, which c Show less Read more
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