Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTC: CITLF) (FRA: X9V), a developer of autonomous mobile communications platforms, announced it is nearing completion of due diligence to acquire 100% of a Western Australian precision manufacturing company. The acquisition, valued at AUD $7.7 million plus net debt and working capital adjustments, aims to expand the company's advanced production capabilities and secure local sovereign manufacturing capacity for its Nexus 20 and future product lines.
The target company, which has strong defence and mining connections, reported revenue exceeding AUD $7.4 million and EBITDA of more than AUD $1.9 million for fiscal year 2025. It holds ISO 9001, ISO 14001, and ISO 45001 certifications and operates a facility with state-of-the-art laser cutting, CNC folding, robotic welding, and CAD/CAM integration. The business also has Defence Industry Security Program (DISP) accreditation, a critical credential administered by the Australian Department of Defence, enabling CiTech to participate in classified defence programs.
CiTech has engaged Moneta Securities (Alberta) Corp. to raise up to AUD $10 million to settle the acquisition and provide working capital. Due diligence is expected to be completed by December 19, 2025, with a targeted settlement date of January 31, 2026. The acquisition remains subject to finalization of the Share Purchase Agreement, securing funding, and standard closing conditions.
The acquisition is expected to establish vertically integrated production capacity, improving speed, cost efficiency, and scalability for CiTech's defence and communications technologies. It complements CiTech's existing international partnerships, including collaborations with Babcock International and Terma, and its EU presence in Latvia, expanding reach across NATO's Eastern Flank and allied markets.
Brenton Scott, Director & CEO of CiTech, stated that the acquisition provides a robust earnings base to support accelerated growth in sovereign defence manufacturing, enabling the company to scale production and strengthen supply chain control. The company plans to leverage the acquired facility's skilled workforce and modern fabrication systems for faster prototyping and improved cost control.
For more information about CiTech, visit www.citech.com.au. Forward-looking information in this release is based on management's assumptions and is subject to risks and uncertainties. The CSE does not accept responsibility for the adequacy or accuracy of this release.
