Takeover bid: Why ERoad is in play

Takeover bid: Why ERoad is in play
ERoad chief executive Mark Heine. (Image: NZME)
Pattrick Smellie
Founded in 2000 and listed on the NZX in 2014, ERoad looks like an all-too-typical case of a New Zealand tech company that, in the end, needs a deeper-pocketed shareholder than this country can provide to secure it a future in large offshore markets.As a provider of software that helps to plot and manage light and heavy commercial vehicle fleets – think trucks and vans – ERoad is a clear market leader in NZ and has what Australian broker Bell Potter calls a “meaningful presence” across the Tasman.But its big target is to...

More Markets

ANZ vows to fight CCCFA class action despite ASB settlement
Finance

ANZ vows to fight CCCFA class action despite ASB settlement

“ANZ NZ will continue to defend its case. Our position hasn’t changed.” 

NZ sharemarket up 0.3% despite business confidence drop
Markets Market Close

NZ sharemarket up 0.3% despite business confidence drop

The S&P/NZX 50 Index closed at 13,531.29, up 42.05 points or 0.31%.

Graham Skellern 07 Oct 2025
ASB settles CCCFA class action for hefty $135.6m
Finance

ASB settles CCCFA class action for hefty $135.6m

 It ended a four-year class action centred on disclosure obligations.

Andy Macdonald 07 Oct 2025
ASB pays $135.6m to settle long-running CCCFA class action
Finance

ASB pays $135.6m to settle long-running CCCFA class action

High-street lender ASB has agreed to pay $135.6 million to settle a class action brought against it for alleged breaches of the Credit Contracts and Consumer Finance Act (CCCFA).The settlement – without admission of liability or wrongdoing – concluded four years of legal proceedi...

Staff reporters 07 Oct 2025