Eroad shares slump 23% as it shifts focus from North America

(Image: Eroad)

Fri, 17 Oct 2025

Transport technology services company Eroad shares fell 23% after it announced a shift in its focus away from North America, impairing up to $150 million of intangible assets related to the region.The shares were trading at $2.22 at midday in Wellington.US-based David Kenneson steps down from his role as co-CEO as of Oct 31. Mark Heine will remain as CEO.North America remains “an important market” for Eroad, it said. “However, due to a variety of market conditions elongating enterprise sales cycles, growth activity in the regi...

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