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Gentrack Group Ltd ( (NZ:GTK) ) has shared an update.
Gentrack’s airports division, Veovo, has agreed to acquire Dubai Technology Partners, a Dubai-based airport technology and services provider, for an enterprise value of US$10 million funded from existing cash. The deal will expand Veovo’s product portfolio and operational footprint in the Middle East, adding around 60 specialists and flagship customers in Dubai, Abu Dhabi and Saudi Arabian airports.
DTP’s AirportView App, tNexus Message Hub and AI-enabled operations tools will be integrated as high-value add-ons to Veovo’s AI-centric platform, enhancing automation for more than 150 airports globally. The acquisition is expected to contribute about NZ$3.5 million in revenue over the remaining four months of FY26, be marginally EBITDA accretive before acquisition costs, and lay the groundwork for further growth from cross-selling in FY27 and beyond, with completion anticipated within a month subject to customary conditions.
The most recent analyst rating on (NZ:GTK) stock is a Hold with a N$5.63 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 Limited is a New Zealand-based provider of software solutions for utilities and airports, supporting more than 60 energy and water companies worldwide. Through its Veovo airports division and partnerships with Salesforce and AWS, it offers AI-enabled, low-code platforms that help clients improve operational efficiency, launch new propositions quickly and advance digital transformation.
Average Trading Volume: 55,976
Technical Sentiment Signal: Sell
Current Market Cap: N$652.3M
Learn more about GTK stock on TipRanks’ Stock Analysis page.