Core Insights - CiTech is set to acquire 100% of a leading precision manufacturer in Western Australia, enhancing its capabilities in the defence and infrastructure sectors [1][3] - The acquisition will bolster Australia's sovereign manufacturing capacity with advanced fabrication facilities, enabling improved speed, cost control, and scalability for defence-grade systems [1][5] Financial Overview - The acquisition is expected to generate revenue exceeding AUD $7.4 million and an EBITDA of more than AUD $1.9 million by 2025, providing a strong earnings base and immediate production capabilities [2][5] - The total consideration for the acquisition is AUD $7.7 million, subject to standard net debt and working capital adjustments [4] Manufacturing Capabilities - The acquired business has over 25 years of experience in precision sheet-metal fabrication, CNC machining, and engineering solutions for various sectors, including defence and mining [6][7] - The company operates a fully equipped manufacturing facility with state-of-the-art technology, enabling the production of defence-grade components with high precision and efficiency [6][7] Strategic Importance - The acquisition provides CiTech with immediate eligibility for Defence tenders and projects requiring DISP membership, enhancing its competitive position in the defence sector [2][9] - It reinforces CiTech's commitment to building a sovereign Australian manufacturing ecosystem capable of supporting rapid-deployment systems for defence and emergency response [12] Integration and Transition - The founders of the acquired business will remain during a structured transition period to ensure operational continuity and maintain quality standards [10] - The transaction is subject to due diligence and the finalization of a Share Purchase Agreement, with completion anticipated within 90 days [11]