Cemtrex shares surge 20% after-hours after completing Richland Industries acquisition to expand industrial services in the Southeast.

Cemtrex, Inc. surged 20.00% after hours following the announcement that it completed the acquisition of Richland Industries, expanding its industrial services platform into the Southeast. The deal, disclosed 42 minutes prior, aligns with the company’s ongoing strategy to strengthen its industrial services division through strategic acquisitions. While prior news, including a $3.9 million contract award and previous acquisitions like Invocon, had contributed to mixed short-term volatility, the immediate catalyst for the post-market rally was the formalization of the Richland Industries acquisition, signaling expanded market reach and operational capabilities.