Critical Infrastructure Technologies Ltd. (CSE: CTTT) announced it has received finance approval for the debt component of the acquisition price to acquire 100% of a Western Australian precision engineering and manufacturing company with strong defence and mining connections. The acquisition, valued at AUD $5,775,000 on completion with deferred payments totaling AUD $1,925,000 over two years, is expected to close on or before May 31, 2026.
The target company generated AUD $7.5 million in revenue and AUD $1.9 million EBITDA in FY2025, with projections of AUD $8.6 million revenue and AUD $2.2 million EBITDA in FY2026. Revenue and EBITDA are expected to double within two to three years, according to the company's projections.
This acquisition provides CiTech with immediate sovereign manufacturing capability in Western Australia, vertical integration of fabrication and engineering operations, faster prototyping and production of its Nexus autonomous communications platforms, access to a skilled workforce and advanced fabrication infrastructure, and enhanced capability to support defence, mining, and critical infrastructure customers.
Brenton Scott, Director and CEO of CiTech, stated, "Being able to settle the acquisition represents a significant step in CiTech's growth strategy. This acquisition provides immediate revenue and earnings while delivering the manufacturing capability required to scale production of our Nexus platforms and support increasing international demand. Importantly, it strengthens sovereign Australian defence manufacturing capability and positions CiTech to participate in major allied supply chains."
CiTech develops autonomous, high-capacity mobile communications and security platforms, including the Nexus 16, targeting mining, defence, border security, and emergency services. The company's self-deploying platform (SDP) uses patented technologies to provide rapidly deployable communication solutions. The acquisition aligns with CiTech's strategy to vertically integrate production and support increasing demand from international markets.
More information about CiTech is available at www.citech.com.au.
