Cemtrex (CETX) Closes in on Key Acquisition

Cemtrex, Inc. (NASDAQ:CETX) is simply a exertion institution that operates successful the SaaS manufacture done its information business, Vicon, which provides video absorption software. The steadfast made a cardinal acceptable of announcements connected December 11th erstwhile it revealed that it was nearing the adjacent of an acquisition of a Texas aerospace and defence engineering company. Cemtrex, Inc. (NASDAQ:CETX) added that it had decided to terminate the acquisition of a robotics integration firm. At the aforesaid time, it outlined that it had signed an LOI to get an concern services concern successful Tennessee.

Cemtrex, Inc. (NASDAQ:CETX) besides discussed its Vicon concern successful the update. The steadfast shared that it had started to vessel units of its NEXT merchandise line. Cemtrex, Inc. (NASDAQ:CETX)’s NEXT products are AI-powered modular cameras that question to trim installation times. They besides supply analytics capabilities connected the edge, and arsenic portion of its update, Cemtrex, Inc. (NASDAQ:CETX) added that it committed to Vicon’s “long word translation done its bundle and AI-enabled offerings.” The steadfast besides issued a small nether 4.8 cardinal shares connected December 11th. The intent of the issuance was to conscionable definite indebtedness requirements and rise capital. Cemtrex, Inc. (NASDAQ:CETX)’s acquisition of Texas-based Invocon volition bolster the firm’s beingness successful the aerospace and defence industry.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.