Gentrack buys pricing specialist Factor to bolster energy retail platform

Gentrack Group Ltd ( (NZ:GTK) ) has provided an announcement.

Gentrack Group has acquired Prospero Energy Limited, which trades as Factor, a New Zealand-founded SaaS provider of pricing and contract management tools for commercial electricity retailers, in a deal valued at NZ$24 million with an additional earn-out of up to NZ$10 million. Factor’s machine learning-based platform, already used in Australia and the U.K., will be integrated into Gentrack’s g2 energy retail offering while continuing to be sold as a standalone product, strengthening Gentrack’s position in B2B energy retail and expanding its global reach.

The acquisition aims to deepen Gentrack’s capabilities in complex energy pricing and forecasting as utilities grapple with volatile markets driven by renewables, distributed generation and demand for real-time pricing. Funded entirely from existing cash reserves, the deal is expected to accelerate market entry, leverage Factor’s AI-focused team and technology, and become earnings-per-share accretive by FY28, with limited revenue impact in the current financial year.

The most recent analyst rating on (NZ:GTK) stock is a Hold with a N$3.46 price target. To see the full list of analyst forecasts on Gentrack Group Ltd stock, see the NZ:GTK Stock Forecast page.

More about Gentrack Group Ltd

Gentrack Group Ltd is a New Zealand-based provider of software solutions for utilities, partnering with more than 60 energy and water companies worldwide. Through its g2.0 platform, developed with partners Salesforce and AWS, it delivers end-to-end product-to-profit systems that use low-code and composable technology to help utilities launch new offerings quickly, cut operating costs and enhance customer experience.

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Average Trading Volume: 65,140

Technical Sentiment Signal: Sell

Current Market Cap: N$461.1M

For detailed information about GTK stock, go to TipRanks’ Stock Analysis page.