# JFB Construction Holdings and XTEND announce $1.5B business combination

JFB Construction Holdings (Nasdaq: JFB) entered into a definitive agreement to combine with XTEND in an all-stock transaction valued at $1.5 billion. The combined company will be renamed XTEND AI Robotics and listed on Nasdaq under ticker 'XTND', with headquarters and a production facility in Tampa, FL.

- Type: Acquisition
- Announced: 2018-05-25
- Where: Tampa, Florida, United States
- Value: $1.50B
- Status: announced
- Products: AI-driven autonomous defense robotics, XTEND Operating System (XOS)
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [JFB Construction Holdings](https://endata.com/companies/18662.md) (acquirer)
- [XTEND](https://endata.com/companies/18663.md) (target)

## Sources

- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/sherbrookerecord/article/gnwcq-2026-2-17-jfb-and-xtend-announce-15b-business-combination-to-establish-a-nasdaq-listed-us-leader-in-ai-driven-autonomous-defense-robotics), 2018-05-25: "Merger to create an autonomous defense and security systems company combining AI-driven robotic operating system with established US operating and infrastructure capabilities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.