Cemtrex signs LOI for two strategic acquisitions in robotics, aerospace

Cemtrex (CETX) announced it has signed non-binding letters of intent, LOI, to acquire two profitable U.S.-based businesses – one in industrial robotics integration and the other in aerospace and defense systems engineering. Combined, the two companies are expected to contribute $15-18 million in annual revenue and $2.5-3 million in operating income on a go forward basis, once closed and integrated. “These potential acquisitions directly align with our long-term strategy to expand into high-value markets with strong macro tailwinds,” said Saagar Govil, Chairman and CEO. “We believe both businesses bring meaningful scale, margin, and strategic capabilities to the Cemtrex platform.”