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The latest update is out from GenusPlus Group Ltd. ( (AU:GNP) ).
GenusPlus Group has agreed to acquire 100% of Railtrain Holdings, a privately owned rail services provider that offers overhead wiring, rail maintenance and construction, track protection, signalling, surveying, and rail personnel supply and training across Western Australia, Queensland and New South Wales. The deal, funded through existing cash and a syndicated facility, is expected to be immediately earnings accretive and will see Railtrain’s management and staff retained, while Railtrain also acquires the remaining 20% of WIRED Holding Company to consolidate its operations.
The acquisition values Railtrain at an attractive multiple based on its FY25 pro-forma revenue of about A$96 million and EBITDA of A$16 million, with an upfront cash payment of A$36.5 million and up to A$18.5 million in earn-out payments tied to EBITDA targets in 2026 and 2027. By bolstering Genus’ MGC rail business with additional scale, diversified services and national presence, the transaction strengthens Genus’ position in the rail infrastructure sector, although closing remains subject to customary conditions including contract consents and the absence of any material adverse change.
The most recent analyst rating on (AU:GNP) stock is a Buy with a A$8.88 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.
More about GenusPlus Group Ltd.
GenusPlus Group Ltd is a national provider of essential power and telecommunications infrastructure services in Australia, listed on the ASX under ticker GNP. Through its existing MGC rail business, the company has been expanding into rail infrastructure, targeting greater scale, diversified services and a broader geographic footprint across key states.
Average Trading Volume: 258,315
Technical Sentiment Signal: Buy
Current Market Cap: A$1.45B
For an in-depth examination of GNP stock, go to TipRanks’ Overview page.