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

HighCom Armour Solutions Acquisition

Published Oct 02, 2019

What happened?


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 Managing Director of Xtek Ltd has provided a statement.
Philippe Odouard
Philippe Odouard
Managing Director, Xtek Ltd

“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.”

Video Overview

Watch and share a brief overview of this announcement.

Download Announcement

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

Comments

Share your thoughts about this announcement...

Similar articles
XTEK (ASX:XTE) signs MOU with Space Tech Company MECANO ID
What has happened? XTEK (ASX:XTE) announced that they have signed a Memorandum of Understanding (MOU) with leading Frenc...
5 months ago
XTEK (ASX:XTE) Appoints Defence Veteran of 35 Years as Non-Executive Director
In a surprise market release, XTEK announced that it had appointed Brigadier Mark Smethurst DSC, AM (Ret’d) as a Non-Exe...
5 months ago
XTEK (ASX:XTE) Signs Exclusive Distribution Agreement with Rapid Biosecurity Screening Company KeyOptions Pty Ltd
What has happened? XTEK (ASX:XTE) today announced that they have signed an exclusive distribution agreement with KeyOpti...
6 months ago
Around the web
Tech Top 5: Douugh doubles US customer base and Zeotech progresses patent applications
Douugh up after doubling US customer base in Q1 FY22 Zeotech targets international patents to suppo...
via stockhead.com.au
Closing Bell: Evergrande suspends trading, ASX rallies anyway
The ASX had a positive start to the week, driven by financial and travel stocks, despite global mark...
via stockhead.com.au
Xtek (ASX:XTE) share price sinks 23% on capital raising efforts
The Xtek Ltd (ASX: XTE) share price is freefalling on Monday following the company’s update on its...
via fool.com.au
Powered by  
  • Company
    Xtek Ltd
  • Website
  • Sector
    Aerospace & Defense
  • Industry
    Aerospace & Defense
  • Code
    ASX:XTE
  • Socials
View Xtek Ltd's Profile

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.

Up