AcquisitionsJun 12, 2026, 08:31 AM
LIXTE to Acquire NOMAD Power Systems; Renamed NOMAD Power Solutions
AI Summary
LIXTE Biotechnology Holdings, Inc. announced a definitive agreement to acquire 100% of NOMAD Transportable Power Systems, Inc., a market leader in deployable, utility-grade battery energy storage systems. Upon closing, LIXTE will be renamed NOMAD Power Solutions, marking a significant strategic shift from biotechnology to power solutions. NOMAD reported approximately 175% revenue growth in 2025 and projects 135% growth in 2026, addressing a multi-hundred-billion-dollar power capacity opportunity.
Key Highlights
- LIXTE Biotechnology Holdings to acquire 100% of NOMAD Transportable Power Systems.
- Company will be renamed NOMAD Power Solutions upon closing of the acquisition.
- NOMAD is a market leader in deployable, utility-grade battery energy storage systems (BESS).
- NOMAD pioneered the mobile, utility-grade 1 MW BESS.
- NOMAD's revenue grew approximately 175% year-over-year in 2025.
- Management projects NOMAD's revenue to grow approximately 135% year-over-year in 2026.
- NOMAD is engaged on more than 30 active utility, infrastructure, and strategic customer opportunities.
Price Impact
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