Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTC: CITLF) (FRA: X9V) announced it has received finance approval for the debt component 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, expected to close on or before May 31, 2026, is a major step in CiTech's strategy to establish sovereign manufacturing capability in Australia and vertically integrate production of its Nexus platform and future defence technologies.
The purchase price is AUD $5,775,000 on completion, with two deferred payments of AUD $962,500 each on the first and second anniversaries. The target company reported revenue of AUD $7.5 million in FY2025 and projects AUD $8.6 million in FY2026. EBITDA for FY2025 was AUD $1.9 million, with a projection of AUD $2.2 million for FY2026. Revenue and EBITDA are expected to double within the next two to three years.
This acquisition provides CiTech with immediate sovereign manufacturing capability in Western Australia, vertical integration of fabrication and engineering operations, faster prototyping, production, and deployment of Nexus platforms, access to a highly skilled workforce and advanced fabrication infrastructure, and enhanced capability to support defence, mining, and critical infrastructure customers.
“Being able to settle the acquisition represents a significant step in CiTech’s growth strategy,” said Brenton Scott, Director & CEO. “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, listed on the CSE with operations in Perth, develops autonomous, high-capacity mobile communications and security platforms. Its flagship product, the Nexus 16, provides critical mobile telecommunications for mining, defence, border security, and emergency services. Using patented technologies, the self-deploying platform (SDP) addresses limitations of current rapidly deployable communication solutions, including tower strength and rapid self-deployment. The SDP supports LTE and other payloads such as surveillance and anti-drone systems. The company has completed R&D and is commercializing its products. More information is available at www.citech.com.au.
This acquisition positions CiTech to scale production for international defence, mining, and infrastructure markets while adding a profitable, established engineering business to its operations.
