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CiTech to acquire WA engineering firm, boosting sovereign manufacturing and adding immediate revenue.

Company Fundamentals
13 May 2026
TheNewswire
View Source
Bullish
pluang ai news

Critical Infrastructure Technologies Ltd. (CiTech) has secured financing to acquire a Western Australian precision engineering and manufacturing company, enhancing its sovereign manufacturing capabilities. The acquisition, valued at AUD 5.775 million plus deferred payments, adds an established business with AUD 7.5 million revenue and AUD 1.9 million EBITDA in FY2025, projected to grow significantly. This move supports CiTech's strategy to vertically integrate production of its Nexus autonomous communications platforms, accelerating deployment for defence, mining, and infrastructure markets. Completion is expected by May 31, 2026, strengthening CiTech's position in Australian defence manufacturing and allied supply chains.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

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Standard Chartered partners with Broadcom to build a secure private cloud for global banking services.

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