2021-07-29 01:05:28 GMT2021-07-29 09:05:28(Beijing Time) Xinhua English
WELLINGTON, July 29 (Xinhua) The New Zealand Commerce Commission s draft report into competition in the retail grocery sector has found that competition is not working well for consumers. If competition was more effective, retailers would face stronger pressures to deliver the right prices, quality and range to satisfy a diverse range of consumer preferences, said Commission Chair Anna Rawlings on Thursday.
In November 2020, the government asked the commission to look at whether competition in the 22-billion-New-Zealand-dollar per year grocery industry was working well and, if not, what could be done to improve it.
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EROAD has signed an agreement to acquire Coretex
EROAD is pleased to announce that it has agreed to acquire 100% of Coretex Limited ( Coretex ), a telematics vertical specialist provider delivering enterprise grade solutions. This is a transformative move, improving EROAD s position as a vehicle telematics leader and taking a strong step toward its goal of reaching 250,000 units. We have always stated that acquisition would be part of our growth strategy to reach our medium- and long-term goals. We have been clear we would seek complementary and proven technology to augment our product range. To accelerate growth, any acquisition target needed to deliver increased capability, improved customer experiences and access to additional market verticals. In Coretex we have found a highly complementary partner which allows us to satisfy these criteria says Steven Newman, CEO of EROAD.