Nexus Infrastructure Plc (GB:NEXS) has released an update.
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Nexus Infrastructure Plc has acquired Coleman Construction & Utilities for up to £5.38 million, aiming to diversify into critical sectors such as water, rail, and highways. This strategic move aligns with Nexus’ goal of expanding its market presence beyond residential housebuilding, offering resilience against short-term economic pressures. The acquisition is expected to immediately boost earnings, while Nexus reported FY24 revenues of £56.7 million, consistent with market expectations.
For further insights into GB:NEXS stock, check out TipRanks’ Stock Analysis page.