Critical Infrastructure Technologies to Acquire Western Australian Engineering Firm for AUD $7.7M, Boosting Manufacturing
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Critical Infrastructure Technologies (CITLF) has executed a Share Sale Agreement to acquire a Western Australian precision engineering and manufacturing company for AUD $7.7 million, plus AUD $2.08 million in assumed net working capital. The target company, which generated AUD $7.5 million in revenue and AUD $1.9 million in EBITDA in FY2025, will provide CITLF with immediate sovereign manufacturing capability and vertical integration for its Nexus platform. This acquisition is material given its size relative to CITLF's market cap and is expected to add an immediate earnings base. The deal, anticipated to close by March 31, 2026, is contingent on securing financing, including a 40% equity capital raise, which will be a key factor for investors to watch.
At the time of this announcement, CITLF was trading at $0.35 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $40.9M. The 52-week trading range was $0.00 to $0.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: FinanceWire.