Xtek Ltd - HighCom Armour Solutions Acquisition
Xtek Ltd (ASX:XTE)

HighCom Armour Solutions Acquisition


Attractive Multiple:

Xtek has acquired U.S. based HighCom Armour Solutions on a 2.6x EV/EBITDA multiple (excluding a future potential earn-out component).

Highly Complimentary:

Key U.S. staff and personell of the HighCom Armour Solutions business has been retained. It is therefore expected that the HighCom Armour Solutions business will serve as a launch pad for the commercialisation of XTClave into the lucrative U.S. body armour market.

Managing Director's Summary

Philippe Odouard

“Following the completion of the HighCom acquisition, we look forward to our next stage of growth as we expand our business into the lucrative US market. We have acquired a profitable business with highly complementary products and a strategic network in place. This greatly accelerates our ballistic solutions strategy and provides us with high quality distribution network which we can leverage to provide a full range of products.”

Philippe Odouard
Managing Director, Xtek Ltd

Announcement Video

Download Announcement

View this announcement as well as our full profile on the company.

How do I invest?

Considering investing in Xtek Ltd?
Here's how to get started.
Low Cost Brokerage ASX Cheapest ASX Trading Platform
  1. 1

    Create account

    Open an account with an online broker of your choice. If you do not have an existing broker, consider Mawson Graham's A$9.50 flat fee platform.

    Sign up now »
  2. 2

    Search for ASX:XTE

    On your online investment platform search for the stock ticker code ASX:XTE to bring up the company's shares.

  3. 3

    Buy shares

    Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.