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Gentrack Group Limited (ASX:GTK)

ALERT: Price-sensitive ASX Announcement for GTK
Current share price for GTK : $3.030 -0.46 (-13.18%)+
Announcement
Release
18 May 2026 7:31AM
Price at Release
$3.490
Full Release
download
Summary
Gentrack Group Limited has acquired Prospero Energy Limited, trading as Factor, to enhance its g2 energy retail platform. Factor's advanced platform leverages machine learning for pricing and managing commercial electricity contracts, providing energy suppliers with tools to manage risk and control margins amidst volatile markets. The acquisition, valued at NZ$24 million with a potential additional earn-out of NZ$10 million, was completed on 15 May 2026. Funded entirely from Gentrack’s cash reserves, the transaction aligns with Gentrack’s strategy to deepen its platform capability across the energy value chain, though it is expected to have limited immediate financial impact, becoming EPS accretive by FY28.
Key Points
  • Gentrack Group Limited acquires Prospero Energy Limited, trading as Factor, for on-demand energy pricing.
  • The acquisition aims to enhance Gentrack's g2 energy retail platform.
  • Factor's platform uses machine learning for pricing and managing commercial electricity contracts.
  • Factor helps energy suppliers manage risk and control margins in volatile markets.
  • The acquisition is valued at NZ$24 million with a potential earn out of NZ$10 million.
  • The transaction is funded from Gentrack's existing cash reserves.
  • Completion of the acquisition was simultaneous with the signing on 15 May 2026.
  • The acquisition has limited immediate financial impact but is expected to be EPS accretive by FY28.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.