Titomic plans headquarters move to USA to support growth
Titomic Limited, headquartered in Melbourne, Australia, has announced that its Board of Directors has approved the commencement of planning activities to redomicile the company from Australia to the United States.
The proposed move is said to reflect Titomic’s continued expansion into US defence, aerospace and industrial markets. According to the company, the United States represents the largest global market for advanced manufacturing technologies supporting the modernisation of the defence and domestic industrial base.
“Titomic’s growth strategy is increasingly aligned with the US defence, aerospace and industrial markets,” stated Jim Simpson, Chief Executive Officer and Managing Director. “Redomiciling the company positions Titomic to fully participate in the modernisation of the US defence industrial base while scaling our advanced manufacturing capabilities globally.”
Under the proposed structure, Titomic intends to establish a US-based holding company (HeadCo), which will become the new parent company of the Titomic Group. Existing shareholders of Titomic Limited would retain an equivalent proportional economic interest in HeadCo through Chess Depository Instruments, subject to any ineligible foreign ownership provisions. The company states that its global operations, management team and strategic direction will remain unchanged.
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Titomic has recently commenced, and expects to expand, engagements with Tier-1 prime contractors supporting programmes for the US Department of Defense. Many of these opportunities involve activities subject to US regulatory requirements, including export controls under the International Traffic in Arms Regulations (ITAR). Establishing a US-domiciled parent company is expected to allow the company’s board and leadership greater participation in these programmes and support the continued expansion of Titomic’s US defence business.
The company anticipates completing the redomicile in the second half of 2026. The transaction is expected to be implemented through a Scheme of Arrangement between Titomic and its shareholders, subject to shareholder approval and approval by the Federal Court of Australia.
Following completion of the redomicile, Titomic also intends to pursue a listing of its shares on a US exchange at an appropriate time. The company states that a US listing would expand access to global capital markets and support its strategy to scale advanced manufacturing production across defence, aerospace, energy and industrial sectors.
“Titomic will always be an Australian success story at its core,” stated Dag WR Strømme, Titomic Executive Chairman. “To better position the company for the future, we believe establishing a US-domiciled parent company is the right strategic step for Titomic and its shareholders. The United States is the centre of the global defence and advanced manufacturing ecosystem, and aligning our corporate structure with our operational footprint strengthens our ability to execute our growth strategy while maintaining our strong international presence as well as simplicity in running the business.”
