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Gentrack Group Ltd ( (NZ:GTK) ) has issued an announcement.
Gentrack’s Veovo unit has agreed to acquire Dubai Technology Partners, a premier Middle Eastern airport technology and services provider founded in 1997 and focused on aviation, transportation and logistics optimisation. The deal, valued at US$10 million and funded from existing cash reserves, will add around NZ$3.5 million of revenue to Veovo in the remaining months of FY26, is expected to be marginally EBITDA accretive, and strengthens Veovo’s AI-centric portfolio and scale in a fast-growing Middle East airport hub market.
DTP brings more than 60 specialists and next-generation technologies, including the AirportView app, tNexus message hub and AI-enabled operations systems, which will be integrated as high-value bolt-ons across Veovo’s network of over 150 airports in 26 countries. The acquisition deepens an established partnership dating back to 2019, broadens Veovo’s capabilities in total airport management and intelligent automation, and positions Gentrack to capture large-scale digital transformation and infrastructure expansion opportunities across flagship airports in Dubai, Abu Dhabi, Saudi Arabia and the wider region.
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 is a New Zealand-based software provider focused on utilities and airport technology, partnering with more than 60 energy and water companies worldwide. Through its Veovo business and alliances with Salesforce and AWS, it offers low-code, composable platforms like g2.0 that help utilities and transport operators improve planning, operations and customer experience.
Average Trading Volume: 55,973
Technical Sentiment Signal: Sell
Current Market Cap: N$669.1M
See more insights into GTK stock on TipRanks’ Stock Analysis page.