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

Spark sells remaining Connexa stake for $314m
Markets

Spark sells remaining Connexa stake for $314m

The sale will result in a $70m gain on telco's books.

Ben Moore 11:45am
Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Neal Barclay to exit Meridian as CEO
Markets

Neal Barclay to exit Meridian as CEO

Current CFO Mike Roan will take Barclay's spot atop Meridian.

Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.