GenusPlus Group Ltd. (AU:GNP) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
For further insights into AU:GNP stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue