Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTC: CITLF) (FRA: X9V) announced it has received finance approval for the debt component of the acquisition price to acquire 100% of the shares of a Western Australian precision engineering and manufacturing company with strong ties to the defence and mining sectors. The acquisition is expected to close on or before May 31, 2026.
The purchase price is AUD $5,775,000 on completion, with deferred payments of AUD $962,500 on the first and second anniversaries. The target company reported revenue of AUD $7.5 million in FY2025 and EBITDA of AUD $1.9 million, with projections of AUD $8.6 million in revenue and AUD $2.2 million in EBITDA for FY2026. Revenue and EBITDA are expected to double within two to three years.
The 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 platforms, access to a skilled workforce and advanced fabrication infrastructure, and enhanced capability to support defence, mining, and critical infrastructure customers. This strengthened manufacturing base will allow CiTech to accelerate production of its Nexus autonomous communications platforms to meet growing international demand.
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. Its first product, the Nexus 16, uses patented self-deploying platform (SDP) technology to provide critical mobile telecommunications for mining, defence, border security, and emergency services. The SDP supports radio equipment including LTE and payloads such as surveillance and anti-drone systems. The company has completed R&D and is now commercializing its products.
For more information, visit www.citech.com.au.
