GenusPlus completed the acquisition of MGC Group Holdings for AUD21m.

GenusPlus, an Australian company that specializes in providing power, completed the acquisition of MGC Group Holdings, a provider of technical project delivery services catering to the private sector, for AUD21m. “I am excited to announce the signing of the acquisition of MGC which is a strategic transaction for Genus. MGC provides Genus with an entry into the significant Rail sector through a company which provides highly specialised services for Tier 1 customers. The transaction will allow MGC and Genus to provide a better service to our customers through the highly complementary skillsets of the two teams in design & engineering, electrical and comms. We are very excited to leverage the complementary service offering, customer base, and expertise of the team, to continue to drive growth of the business." David Riches, Genus Managing Director.