Perth, Australia — November 4, 2025 — Leads & Copy — Austal Limited (ASX: ASB) and Edge Total Intelligence Inc. (TSXV: CTRL) have entered into a collaboration agreement for EdgeTI to acquire Austal Australia’s Digital Technology Division in an all-share transaction.
EdgeTI will establish a Western Australia subsidiary in Perth to hire key employees from Austal Australia’s Digital Advanced Technology Division, creating digital solutions for maritime, naval, air force, and defense customers. Austal will transfer advanced proprietary software assets to EdgeTI for continued development and commercialization. Austal will subcontract EdgeTI for initial Statements of Work (SOWs) estimated at AUD $4.1M ARR, with potential monthly revenue growth to AUD $840,000 by year-end 2026. In consideration, Austal Limited (ASX:ASB) will receive 9.9% of EdgeTI’s publicly traded shares at CAD $1.00 per share upon closing.
The acquisition expands EdgeTI’s defense-grade digital capabilities and supports its proposed uplisting to NASDAQ or NYSE. Upon closing, Austal will receive approximately 6.08M subordinate voting shares (SVS) in EdgeTI at C$1.00 per share, totaling C$6.08M. Austal CEO Paddy Gregg stated the partnership supports Austal’s technological capabilities, while EdgeTI CEO Jim Barrett noted the merger’s potential to deliver unmatched digital twin and asset-management capabilities.
Mathew August, a Leading Defence Technology Investor in EdgeTI, added: “Through this transaction, EdgeTI reaffirms its commitment to building a self-sustaining, sovereign defence and enterprise technology ecosystem, combining top tier engineering, allied technology transfer, and global market access.”
Nick Brigman, Corporate Secretary and Chief Strategy Officer
Phone: 888-771-3343
Email: ir@edgeti.com
Source: EdgeTI
