GenusPlus Group acquires MGC Group Holdings

PERTH: GenusPlus Group Limited (ASX: GNP) announced it has entered a binding agreement to acquire 100% of MGC Group Holdings (WA) Pty Ltd, a Western Australia-based provider of safety-critical rail systems.The acquisition includes entities associated with MGC principals Chris Newton and Mark Byrne. MGC specializes in overhead line equipment, signaling, electrical, and communications systems for…