ஸெல்‌வைந் பெலிலேதட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from ஸெல்‌வைந் பெலிலேதட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In ஸெல்‌வைந் பெலிலேதட் Today - Breaking & Trending Today

EROAD Limited (via Public) / EROAD has signed an agreement to acquire Coretex


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. ....

United States , New Zealand , Selwyn Pellett , Steven Newman , Investment Office , Coretex Limited , Zealand Commerce Commission , New Zealand , North American , New Zealand Based , New Zealand Commerce Commission , Overseas Investment Office , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , ஸெல்‌வைந் பெலிலேதட் , ஸ்டீவன் புதியவர் , முதலீடு அலுவலகம் , ஜீலாந்து வர்த்தகம் தரகு , வடக்கு அமெரிக்கன் , புதியது ஜீலாந்து அடிப்படையிலானது , புதியது ஜீலாந்து வர்த்தகம் தரகு , ஓவர்‌ஸீஸ் முதலீடு அலுவலகம் ,

NZX-listed Eroad inks deal to buy Kiwi telematics company Coretex


NZX-listed Eroad inks deal to buy Kiwi telematics company Coretex
Deal brings two New Zealand transport telematics technology leaders together.
Selwyn Pellett (Coretex and Imarda)
Credit: Supplied
Auckland-based transport telematics business Eroad has entered into a conditional agreement to acquire vertical telematics specialist Coretex for $157.7 million plus a performance premium of $30.6 million.
The buyout will be partly funded by an underwritten conditional placement to raise $64.4 million and a share purchase plan to raise $16.1 million.
Coretex was co-founded by Auckland-based businessman Selwyn Pellett, who is also the company s CEO, and Dean and Craig Marris, now driving sales in North America.
It has quite a wide shareholding for a private company, with J E & A L Marris Trustees holding 15.6 per cent and Pellett holding 13.8 per cent alongside VC firm Movac, fund manager Milford and others. ....

New York , United States , New Zealand , San Diego , New South Wales , Selwyn Pellett , Selwyn Pellett Coretex , Graham Stuart , Craig Marris , Imarda Selwyn Pellett Coretex , Investment Office , J Eal Marris Trustees , Commerce Commission , Overseas Investment Office , North America , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , சான் டியாகோ , புதியது தெற்கு வேல்ஸ் , ஸெல்‌வைந் பெலிலேதட் , கிரஹாம் ஸ்டூவர்ட் , முதலீடு அலுவலகம் , வர்த்தகம் தரகு , ஓவர்‌ஸீஸ் முதலீடு அலுவலகம் , வடக்கு அமெரிக்கா ,

13 hot tech companies sold offshore: Did NZ benefit?


13 hot tech companies sold offshore: Did NZ benefit?
13 minutes to read
This month has seen two substantial technology companies sold offshore, with Auckland-based retail software firm Vend going to NYSE-listed Lightspeed for $450 million, and Christchurch geologic 3D modelling outfit Seequent acquired
by Nasdaq-listed Bentley Systems for $1.45b.
Backers were quick to claim that jobs would stay in New Zealand (Vend and Seequent employ some 400 locally between them) and that investors like Movac and Punakaiki Fund (Vend) and Pencarrow (Seequent) would recycle money back into the local tech ecosystem.
A look back at 13 past high-profile tech sales (from a field of many more) reveals that sometimes that happens … and sometimes it doesn t. ....

New York , United States , New Zealand , New Zealand General , United Kingdom , Southern Cross , West Auckland , South Auckland , Selwyn Pellett , Ian Mccrae , Al Monro , Stephen Tindall , Chris Wilson , Pencarrow Seequent , Malcolm Dick , Greg Cross , Jason Oxenham , Peter Maire , Fady Mishriki , Peter Beck , Mark Callander , Jason Oxenham Callplus , Rod Drury , Annette Presley , John Holdsworth , Richard Robinson ,