Smartpay snaps up assets of failing eftpos provider for $4m

Smartpay is an eftpos terminals provider listed on the NZX and ASX. (Image: NZME)

Tue, 27 Aug 2024

Smartpay has paid $3.91 million for the business assets of an eftpos and point-of-sale technology company that’s in receivership.Dunedin-based Technology Holdings Limited (THL) is the parent company of eftpos terminal supplier Eftpos Specialists Group and point-of-sale technology supplier Advance Equipment Supplies.Eftpos provider Smartpay announced the acquisition to the market on Tuesday, stating it bought the assets from the receiver of THL and the voluntary administrator of the subsidiaries.The assets include the eftpos rental book an...

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