Critical Infrastructure Technologies Secures Finance Approval for Acquisition of Western Australian Engineering Firm

Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTC: CITLF) (FRA: X9V) announced it has received finance approval for the debt component of the acquisition price to acquire 100% of the issued shares of a Western Australian precision engineering and manufacturing company with strong connections to the defence and mining sector. The acquisition represents a major step in CiTech's strategy to establish sovereign manufacturing capability in Australia and vertically integrate the production of its Nexus platform and future defence technologies.

The purchase price is AUD $5,775,000 on completion, with deferred payments of AUD $962,500 on the first and second anniversaries. The target company generated revenue of AUD $7.5 million in FY2025 and is projected to reach AUD $8.6 million in FY2026. EBITDA for FY2025 was AUD $1.9 million, with a projection of AUD $2.2 million for FY2026. Revenue and EBITDA are expected to double within the next two to three years.

The acquisition adds a profitable and well-established engineering and fabrication business to CiTech's operations, providing an immediate earnings base while strengthening the company's ability to scale production of its Nexus communications platforms. Completion is extended to on or before May 31, 2026.

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 a highly skilled workforce and advanced fabrication infrastructure, and enhanced capability to support defence, 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.

“Being able to settle the acquisition represents a significant step in CiTech's growth strategy,” said Brenton Scott, Director & CEO of Critical Infrastructure Technologies Ltd. “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 is a developer of autonomous, high-capacity mobile communications and security platforms, targeting the mining, defence, border security, and emergency services sectors. The company's self-deploying platform (SDP) provides solutions for rapid deployment of communication towers and supports various payloads, including LTE and surveillance systems. For more information, visit the company's website at www.citech.com.au.