Cybergun SA (FR:ALCYB) has released an update.
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Cybergun SA has confirmed the sale of its Civil division assets, including product stock and intellectual property, to EVIKE, with the transaction potentially totaling up to 9.3 million euros. The move is part of the company’s strategy to focus solely on its Military division, which reported 21.4 million euros in revenue in 2023. Cybergun plans to use the proceeds from the sale to fuel the profitable growth of its Military division and will soon present a new roadmap outlining its future.
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