GenusPlus Group Ltd. ( (AU:GNP) ) just unveiled an update.
GenusPlus Group Ltd has completed the acquisition of MGC Group Holdings, marking its strategic entry into the rail systems sector, which offers significant growth potential. This acquisition allows GenusPlus to provide specialized rail systems services to Tier 1 customers in the metro, mining, and freight sectors in Western Australia, complementing its existing service divisions. The acquisition was funded through internal cash reserves and is expected to be immediately earnings accretive, enhancing GenusPlus’s market positioning in essential infrastructure services.
More about GenusPlus Group Ltd.
GenusPlus Group Ltd is a specialist provider of power and communications infrastructure and services across Australia. The company designs, builds, and maintains electrical transmission and distribution networks, substations, and battery systems. GenusPlus supports the integration of new generation technology into traditional networks and offers scalable communication network solutions, including network design and real-time management.
YTD Price Performance: 0.38%
Average Trading Volume: 236,532
Technical Sentiment Signal: Sell
Current Market Cap: A$473.9M
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