Cemtrex to acquire aerospace firm Invocon for $7.06 million

HAUPPAUGE, NY - Cemtrex, Inc. (NASDAQ:CETX) has entered into a definitive agreement to acquire Invocon, Inc., a Texas-based systems-engineering firm, for $7.06 million, the company announced Thursday. The acquisition price is notable as it exceeds Cemtrex's current market capitalization of $2.68 million, according to InvestingPro data.

The acquisition, expected to close around January 1, 2026, will establish Cemtrex's new Aerospace & Defense segment. Invocon brings 40 years of experience designing and manufacturing mission-critical instrumentation and wireless sensing systems for aerospace and defense applications.

Invocon's technologies have been deployed on satellites, launch vehicles, target missiles, space shuttles, and the International Space Station. The company's systems have been used in over 40 shuttle flights and 30 target missile flights, according to the press release statement.

"Invocon brings nearly four decades of experience building flight-proven hardware and advanced sensing systems for some of the most demanding aerospace and defense applications," said Saagar Govil, Cemtrex Chairman and CEO.

The Texas-based firm holds multiple U.S. patents related to hypervelocity impact detection, gridless lethality assessment, acoustic and RF sensing, and advanced flight-system telemetry.

Under the agreement terms, Cemtrex will acquire 100% of Invocon's issued and outstanding shares, subject to customary closing conditions.

Cemtrex, a diversified industrial and technology company, currently operates in the Security and Industrial sectors. Its Security segment provides video management software and surveillance solutions, while the Industrial segment delivers equipment installation services to manufacturers.

The transaction represents Cemtrex's strategic expansion into high-reliability electronics, flight instrumentation, and complex system design capabilities.

In other recent news, Cemtrex Inc. announced it has signed non-binding letters of intent to acquire two profitable U.S.-based businesses. These acquisitions, focused on industrial robotics integration and aerospace and defense systems engineering, are anticipated to add between $15-18 million in annual revenue and $2.5-3 million in operating income once finalized. Additionally, Cemtrex's Board of Directors approved the payment of its upcoming dividend on Series 1 Preferred Stock in shares rather than cash. The new shares will be issued on October 7, 2025, to holders of record as of September 30, 2025, with dividends at an annual rate of 10%.

Moreover, Cemtrex announced a 1-for-15 reverse stock split aimed at maintaining compliance with Nasdaq's listing requirements. This reverse split, scheduled for September 29, 2025, is intended to keep the share price above the $1 minimum threshold required by Nasdaq. These developments indicate strategic moves by Cemtrex to expand its business operations and maintain its stock market presence.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.