GenusPlus Group Ltd. (AU:GNP) has released an update.
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GenusPlus Group Ltd has announced the acquisition of Geographe Tree Services for $7 million, enhancing their capabilities in power line maintenance. This strategic move is expected to be immediately earnings accretive, as GTS brings a significant annual turnover and a multi-year contract with a Tier 1 utility provider. The acquisition aligns with GenusPlus’ strategy to broaden its infrastructure services and secure recurring revenue streams.
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