Cemtrex shares surge 23.57% after-hours after completing acquisition of Richland Industries, expanding industrial services platform in Southeast.

Cemtrex (CETX) surged 23.57% in after-hours trading following the announcement that it completed the acquisition of Richland Industries, expanding its industrial services platform into the Southeast. The deal, reported by GlobeNewswire 23 hours prior, is expected to enhance CETX’s market reach and operational capacity in industrial services. This strategic expansion aligns with the company’s recent focus on growth through acquisitions, including the earlier acquisition of Invocon to enter the aerospace and defense sector. The positive reaction underscores investor confidence in CETX’s aggressive expansion strategy and its ability to secure high-impact contracts, such as the $3.9 million mechanical project for Berks County infrastructure. The timing of the Richland acquisition announcement directly coincided with the post-market rally, indicating strong market validation of the company’s growth initiatives.