Recent Updates — CETX

Cemtrex, Inc. completed the acquisition of substantially all assets of Plant Engineering Services, Inc. for a total purchase price of $3,570,424, consisting of $3,220,207 in cash and $859,031 in contingent earnout consideration. The transaction includes up to approximately $1,750,000 in potential future payments based on gross profit targets over three years. Preliminary purchase price allocation records $5,403,782 in goodwill and $419,000 in intangible assets. Cemtrex operates in the industrial services sector.

On July 1, 2026, Cemtrex, Inc., through its subsidiary AIS Engineering, Inc., acquired substantially all assets of Plant Engineering Services, Inc. (PES) for $3,500,000 in cash, plus assumed liabilities and a potential contingent earnout of up to $1,750,000 over three years based on gross profit targets. The acquired operations are integrated into the company's Industrial Services Segment. Additionally, the company reported issuing approximately 609,000 shares of common stock in unregistered transactions following a 1-for-10 reverse stock split on June 5, 2026, resulting in 1,721,141 shares outstanding as of July 2, 2026. Cemtrex is a diversified technology company providing industrial services and advanced technology solutions.