Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTC: CITLF) (FRA: X9V) 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 defence and mining sector connections. The acquisition, valued at AUD $5.775 million on completion with deferred payments totaling AUD $1.925 million over two years, is expected to close on or before May 31, 2026.
The target company generated AUD $7.5 million in revenue and AUD $1.9 million in EBITDA for fiscal 2025, with projections of AUD $8.6 million revenue and AUD $2.2 million EBITDA for fiscal 2026. Revenue and EBITDA are expected to double within two to three years. The acquisition provides CiTech with immediate earnings and a well-established fabrication infrastructure, including a skilled workforce.
Strategically, the deal establishes sovereign manufacturing capability in Western Australia, vertically integrating fabrication and engineering operations. This integration allows faster prototyping, production, and deployment of CiTech’s Nexus autonomous communications platforms, which serve defence, mining, and critical infrastructure customers. The company aims to support increasing international demand and participate in major allied supply chains, strengthening Australian defence manufacturing.
Brenton Scott, CEO of CiTech, stated: “Being able to settle the acquisition represents a significant step in CiTech’s growth strategy. 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 develops autonomous, high-capacity mobile communications and security platforms, including the Nexus 16, which provides critical mobile telecommunications for mining, defence, border security, and emergency services. The company’s self-deploying platform (SDP) uses patented technologies to overcome limitations in tower strength and rapid deployment, supporting LTE and other payloads like surveillance and anti-drone systems. For more information, visit www.citech.com.au.
The acquisition aligns with CiTech’s goal to vertically integrate production and scale up manufacturing to meet growing demand. The company expects the enhanced capability to accelerate production of Nexus platforms and support further growth in defence and mining markets. The original press release is available at www.newmediawire.com.