Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Critical Infrastructure Technologies Ltd. ( (TSE:CTTT) ) has provided an announcement.
Critical Infrastructure Technologies has signed a share sale agreement to acquire a Western Australian precision engineering and manufacturing business with strong defence and mining links for AUD $7.7 million, adding immediate revenue of about AUD $7.5 million and EBITDA of AUD $1.9 million. The deal gives CiTech sovereign manufacturing capability, vertical integration for its Nexus platforms, and access to skilled fabrication resources in support of growing demand from defence, mining and critical infrastructure clients.
The acquisition, expected to close on March 31, 2026 subject to funding and standard conditions, will be financed through roughly 60% bank debt and 40% equity. Management says the transaction, which is projected to see revenue and EBITDA at the acquired business double within two to three years, marks a major milestone that strengthens CiTech’s position in allied defence supply chains and enhances its capacity to scale production globally.
More about Critical Infrastructure Technologies Ltd.
Critical Infrastructure Technologies Ltd. is a Perth-based developer of autonomous, high-capacity, rapidly deployable mobile communications and security platforms. Its flagship Nexus 16 self-deploying platform targets mining, defence, border security, surveillance and emergency services markets, providing robust mobile telecommunications and supporting LTE, surveillance and anti-drone payloads as the company moves from R&D into commercialization.
Average Trading Volume: 72,992
Technical Sentiment Signal: Sell
Current Market Cap: C$53.17M
For an in-depth examination of CTTT stock, go to TipRanks’ Overview page.