M&A Deal Summary

Beam Acquires Vaarst

On September 16, 2024, Beam acquired information technology company Vaarst

Acquisition Highlights
  • This is Beam’s 1st transaction in the Information Technology sector.
  • This is Beam’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-09-16
Target Vaarst
Sector Information Technology
Buyer(s) Beam
Deal Type Merger

Target

Vaarst

Bristol, United Kingdom
Vaarst specialises in developing and deploying AI and autonomy-enabled services in the offshore wind sector. Vaarst is based in Bristol, United Kingdom.

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Buyer(S) 1

Buyer

Beam

Bristol, United Kingdom

Category Company
Founded 2015
Sector Information Technology
DESCRIPTION

Beam is an independent provider of hydrographic surveys and adaptive ROV solutions. Beam also engages in the application of 3D vision and Artificial Intelligence in the subsea survey. Beam's mission is to provide an individual, client-centric ROV and hydrographic service, coupled with cutting edge research that has the potential to change the face of the industry. Beam was founded in 2015 and is based in Bristol, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1