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GenusPlus adds a New Zealand telecoms platform through UCG acquisition
8:21am on Monday 12th of October, 2026 AEDT
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Infrastructure Services
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GenusPlus adds a New Zealand telecoms platform through UCG acquisition
8:21am on Monday 12th of October, 2026 AEDT
Key Points
NZ$38.25 million upfront payment plus NZ$1.75 million deferred over two years
Earn-out of up to NZ$25 million linked to FY27 and FY28 adjusted EBIT
UCG generated unaudited FY26 revenue of about NZ$96 million and adjusted EBIT of NZ$7.8 million
Long-term Chorus contract covers maintenance, build and provisioning work across the upper North Island
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