Mar 29, 2017
Gentrack accelerates UK growth with the acquisition of Junifer Systems
Gentrack Group Limited is pleased to announce that it has entered into an unconditional agreement to acquire the UK based utility customer information and billing system provider Junifer Systems Limited for an enterprise value of NZ$74.6m (£42.0m).
Junifer is a market leading utility customer information and billing system provider for energy retailers in the UK with 25 existing customers out of approximately 50 energy retailers in that market. Junifer’s technology is provided on a SaaS basis and offers new entrant utilities a cost effective and pre-configured solution.
The combined Gentrack and Junifer business will be a market leader by number of utilities in the UK with 32 customers, supported by 130 local staff and a full product range for energy and water utilities.
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