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Critical Infrastructure Technologies Ltd. Establishes Wholly Owned Latvian Subsidiary: "Sia Citech Europe"

By The Northwire Desk — AI Analysis Oct 01, 2025 · 09:00 CTTT · 0.385 Critical Infrastructure Technologies Ltd.
CTTT · Price

Executive Summary

  • Critical Infrastructure Technologies Ltd. announced the formation of a new Latvian subsidiary, SIA CiTech Europe, to serve as its European headquarters beginning in 2026.
  • The company plans to locate a manufacturing facility and sales operation within the Liepāja Special Economic Zone, taking advantage of a 4% corporate tax rate and EU logistics advantages.
  • High‑level meetings have been held with Latvian ministries, defense agencies, and local authorities, confirming strong governmental support for the project.

Key Details

  • New Entity: SIA CiTech Europe – legal entity established in Latvia to anchor European operations.
  • European Headquarters Timeline: Targeted launch in 2026, including a manufacturing plant and dedicated sales force.
  • Location Strategy: Advanced discussions to site the facility in Liepāja Special Economic Zone (SEZ), offering a corporate tax rate of 4% and strategic EU port access.
  • Stakeholder Engagements: Conducted meetings with:
  • Ministry of Defence (Latvia)
  • Ministry of Foreign Affairs (Latvia)
  • Latvian Investment and Development Agency (LIAA)
  • Armed Forces Command
  • Liepāja Local Government
  • Liepāja SEZ Agency
  • Strategic Rationale: Position the company to serve defence, border security, surveillance, infrastructure, and innovation markets across Europe.
  • CEO Quote: “We are very excited to be accelerating our establishment in Latvia, building strong partnerships and creating a hub to support defence, border security and surveillance, infrastructure, and innovation across the European market.” – Brenton Scott, CEO

Notable Quotes

  • “These engagements have confirmed Latvia’s attractiveness as the home for our European headquarters,” – Brenton Scott, CEO.
Read the original news release →

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