Beam Global closes acquisition of Europe-based Telcom

Beam Global announced the closing of the acquisition of Telcom, a European based company located in Belgrade, which since 1990 engineers and manufacturers specialized power electronics including invertors, charge controllers, power supplies and LED lighting. 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. Telcom, now Beam Europe’s power electronics team, will be tasked with creating bespoke solutions to replace third-party products enabling Beam Global to retain margin and create products with lower failure rates which are better suited for the unique attributes of Beam’s patented product portfolio.