Congratulations to GenusPlus Group (ASX: GNP) on their acquisition of Railtrain Holdings Pty Ltd for an upfront cash consideration of A$36.5m, and contingent earn-out payments of up to A$18.5m.

Railtrain is a privately-owned, nationally diversified rail services provider delivering overhead wiring solutions, rail maintenance and construction, track protection services, rail signaling and electricals, rail surveying, and the supply and training of rail personnel to rail operators and infrastructure owners. The acquisition adds critical scale and diversification to Genus’ existing rail business.

Sternship Advisers is pleased to have acted as corporate adviser to GenusPlus on the acquisition. Gilbert + Tobin acted as legal adviser to GenusPlus.