Gentrack Group (GTK) M&A announcement summary

Deal rationale and strategic fit

• Acquisition targets a premier airport technology provider with a strong Middle Eastern presence, expanding the global AI-centric portfolio and delivery scale to over 150 airports.

• Builds on a longstanding partnership since 2019, leveraging DTP’s expertise, skilled team, and flagship clients to accelerate growth and support personnel development.

• DTP’s deep machine learning and automation capabilities enhance operational analytics and digital transformation for airport operations.

• Integration of DTP’s solutions as high-value bolt-ons supports intelligent automation and complements existing technology.

• Cultural and leadership fit expected to enrich the combined organization and support global expansion.

Financial terms and conditions

• Enterprise value of US$10 million (approx. NZ$17 million), funded entirely from existing cash reserves and subject to customary completion adjustments.

• Potential earn-out of up to NZD 5 million tied to business performance in the current calendar year.

• Expected to add approximately NZ$3.5 million revenue in the last four months of the financial year.

• Marginally EBITDA accretive in FY26 before acquisition costs; no significant CapEx or R&D injection required post-acquisition.

Synergies and expected cost savings

• Synergies from leveraging DTP’s expert team and technologies, avoiding recruitment and training costs, and enabling immediate automation opportunities.

• Integration costs expected to be low, with focus on cross-selling and upselling across a combined customer base of over 150 airports.

• No material levels of additional investment required.