GenusPlus Group Ltd. (AU:GNP) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor 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
- ZMI, TBAL: 2 Canadian Balanced ETFs to Shield Your Returns
- Class Action Lawsuit Against Paragon 28, Inc. (NYSE:FNA)
- 3 Penny Stocks to Watch Now, 11/29/24
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
