GenusPlus to Acquire Rail Maintenance Firm for About AU$37 Million

MT Newswires Live

Mar 04

GenusPlus (ASX:GNP) will acquire rail services provider Railtrain Holdings for an upfront cash consideration of AU$36.5 million, to diversify its rail business, according to a Wednesday filing with the Australian bourse.

Railtrain, which offers rail maintenance and construction services, posted fiscal 2025 revenue of AU$96 million with a core profit of AU$16 million. It is projected to have a weaker fiscal 2026 owing to project delays.

The acquisition, expected to be completed by the end of March, is set to be "immediately earnings accretive" for Genus, it added.

The deal also constitutes contingent payments of AU$8.5 million and AU$10 million in 2026 and 2027, respectively, based on achieving earnings before interest, taxes, depreciation, and amortization targets of AU$15 million in 2026 and AU$20 million in 2027.

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