• Gentrack acquires Factor, a SaaS business serving the energy retail sector.
• Factor's platform enables utilities to price and manage commercial electricity contracts.
• The acquisition enhances Gentrack's g2 energy retail platform and market position.

Gentrack Group Limited (NZX/ASX: GTK) has announced the acquisition of Prospero Energy Limited (trading as Factor), a New Zealand-founded SaaS business serving the energy retail sector. Factor's platform enables utilities to price and manage commercial electricity contracts at scale, replacing legacy systems with machine learning running over scaled data sets. The acquisition will be integrated into Gentrack's utilities business, enhancing its g2 energy retail platform and reinforcing Gentrack's leadership position in the B2B energy retail segment. The purchase price is an enterprise value of NZ$24 million, with a potential earn-out of NZ$10 million linked to growing Annual Recurring Revenues (ARR) to approximately NZ$17 million in the first three years of the transaction. The transaction is funded entirely from Gentrack's existing cash reserves.

NZ$24 million enterprise value, potential earn-out of NZ$10 million, FY28 EPS accretive

The acquisition is expected to accelerate Gentrack's growth in the B2B energy retail segment and bring advanced pricing and forecasting capabilities to its customers.