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XTEK acquires US ballistic armour company to accelerate product commercialisation potential

XTEK Ltd (ASX:XTE) managing director Phillipe Odouard updates Proactive Investors on the company’s strategic US acquisition of Ohio-based body armour and protective equipment company, HighCom Armor Solutions, Inc.

Mr Odouard says the strategic acquisition represents a key milestone in XTEK’s evolution to become a leading global ballistic armour player.

Completion of the acquisition is expected to take place in September 2019, pending regulatory and HighCom shareholder approvals.

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Price: 0.885 AUD

ASX:XTE
Market: ASX
Market Cap: $46.67 m
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Full interview: XTEK's US acquisitions result in positive share price moves

XTEK Ltd (ASX:XTE) managing director Philippe Odouard updates Proactive Investors on the latest market news which have seen the company’s share price jump from 40 cents to the high 70s. Odouard said the re-rating could be attributed to US acquisitions, including the newly completed HighCom...

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