Cemtrex Closes Acquisition of Heisey Mechanical Ltd. to Expand AIS Industrial Segment
Highly Synergistic Acquisition Adds Approximately $11 Million in Revenue, Positive Cash Flow and Expands Capabilities and Customers into New Markets; Transaction Accretive in Fourth Quarter of Fiscal Year 2023Hauppauge, NY, July 07, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that on July 1, 2023, it closed the acquisition of Heisey Mechanical Ltd., a leading service contractor and steel fabricato