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Beam Global is buying ScoutDI AS for $24 million in cash and stock.

DealRead the original at SEC EDGAR
Neutral

Beam Global agreed to buy ScoutDI, adding a drone and inspection software business. Most of the $24 million base price is cash, and the filing gives no ScoutDI sales or profit results to show whether the added business will make up for that cost.

BEEM · Beam Global

AI read · Neutral

The AI's read

ScoutDI could add drones and inspection software used in oil and gas and maritime work. The deal also calls for about $22 million of the $24 million base price in cash, before adjustments. Extra payments depend on ScoutDI sales, and closing has conditions. The filing gives no ScoutDI sales or profit results, so the possible gains cannot yet be compared with the cost.

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