Highlights

  • Acquisition strengthens Veovo’s AI-driven airport technology portfolio
  • Expands presence in the Middle East with key airport clients
  • Deal valued at ~US$10 million, funded entirely through internal cash

Overview

Gentrack Group Limited (NZX:GTK) has announced the Acquisition of Dubai Technology Partners (DTP), a Dubai-based airport technology and services provider, as part of its global expansion strategy. The Business will be integrated into Gentrack’s airport division, Veovo, enhancing its AI-enabled capabilities and strengthening its footprint in the Middle East. The Acquisition adds advanced solutions such as airport operations systems and messaging platforms, while also bringing a skilled workforce and strong regional customer base. With minimal integration costs and expected Revenue contribution in FY26, the deal is positioned to support Long-term Growth and cross-selling opportunities.

How Will the Acquisition Strengthen Veovo’s AI and Product Capabilities?

The Acquisition of Dubai Technology Partners enhances Veovo’s technology stack by adding innovative, AI-driven solutions that can be integrated into its existing platform. These include advanced applications for airport operations, real-time messaging systems, and intelligent automation tools. By incorporating these capabilities, Veovo can deliver more efficient and data-driven solutions to its global network of over 150 airports. The integration is expected to create immediate cross-selling opportunities while strengthening Gentrack’s positioning as a leading provider of smart airport technologies in an increasingly digital and automated aviation industry.

Why Is the Middle East Expansion Strategically Important for Gentrack?

The Acquisition significantly boosts Gentrack’s presence in the Middle East, a region experiencing rapid airport infrastructure expansion and digital transformation. Dubai Technology Partners brings established relationships with major airports across the UAE and Saudi Arabia, along with a skilled team of around 60 professionals. This enhances Veovo’s ability to scale operations and deliver localized solutions in a high-growth market. By strengthening its regional footprint, Gentrack is better positioned to capture new contracts, deepen customer engagement, and Leverage increasing Demand for advanced airport technologies across global aviation hubs.