Saagar Govil

Cemtrex closes in on key VR software acquisition

By GREGORY ZELLER // Reality check: A Farmingdale-based tech firm is reinforcing a lucrative virtual vertical with a big push into VR. International tech manufacturer and distributor Cemtrex Inc. announced Monday that it has signed a letter of intent to acquire a New York City-based virtual-reality software-development firm. While it has revealed some clues as to the target company’s identity – it was founded in 2010, employs more than 30 programmers and boasts annual sales…


Following acquisition, global gains for Cemtrex

Thanks in part to a key international acquisition, Cemtrex Inc. surged through the third quarter of its 2016 fiscal year – the second straight three-month stretch featuring huge sales and income gains for the Farmingdale-based industrial manufacturer. Reporting Monday the quarter ended June 30, the global supplier of custom-engineered electronics, environmental monitoring/control products and industrial contracting services reported a 69 percent increase in sales compared to 3Q FY2015, rising to $24.7 million. Cemtrex also recorded an impressive…