Critical Infrastructure Technologies Acquires Australian Engineering Firm to Strengthen Sovereign Manufacturing

Critical Infrastructure Technologies Ltd. (CSE: CTTT) has executed a Share Sale Agreement to acquire 100% of a Western Australian precision engineering and manufacturing company with strong connections to defense and mining sectors. The AUD $7,700,000 acquisition represents a major step in CiTech's strategy to establish sovereign manufacturing capability in Australia and vertically integrate production of its Nexus platform and future defense technologies.

The acquired business generated approximately AUD $7.5 million in revenue and AUD $1.9 million in EBITDA during FY2025, with revenue and EBITDA expected to double within the next 2–3 years. This adds a profitable engineering and fabrication business to CiTech's operations, providing immediate earnings while strengthening the Company's ability to scale production of its Nexus communications platforms. The transaction structure includes AUD $5,775,000 payable on completion, with two additional payments of AUD $962,500 on the first and second anniversaries of completion, plus assumed net working capital adjustments estimated at approximately AUD $2.08 million.

Strategic benefits include immediate sovereign manufacturing capability in Western Australia, vertical integration of fabrication and engineering operations, faster prototyping and production of Nexus platforms, access to skilled workforce and advanced fabrication infrastructure, and enhanced capability to support defense, mining and critical infrastructure customers. This strengthened manufacturing capability will allow CiTech to accelerate production of its Nexus autonomous communications platforms, supporting increasing demand from international markets. The acquisition is expected to be financed through approximately 60% debt funding from an Australian bank and 40% equity funding through a capital raise currently underway.

Brenton Scott, Chief Executive Officer of Critical Infrastructure Technologies, stated that the execution of the Share Sale Agreement represents a significant step in CiTech's growth strategy. The acquisition provides immediate revenue and earnings while delivering manufacturing capability required to scale production of Nexus platforms and support increasing international demand. Importantly, it strengthens sovereign Australian defense manufacturing capability and positions CiTech to participate in major allied supply chains. The acquisition remains subject to securing required funding and standard closing conditions, with completion expected on March 31, 2026. For more information about the company, visit https://www.citech.com.au.