Business & People
Appointments, results, deals and the people leading the industry.
Mainfreight half-year profit jumps 79%
Mainfreight has posted a net profit of $130.81 million for its half-year result, up 79.4% year-on-year. Its revenue was up 41.4% to just over $2.2 billion…
DGL acquisition targets sustainable vehicle market
New Zealand-based chemicals, transport and logistics firm DGL Group is purchasing Australian automotive chemicals company Austech in a deal worth around A$28 million. Austech has been…
Metlink and NZ Bus join Movember
Metlink buses operated by NZ Bus will be donning a new facial feature this month in support of Movember. The movement focuses on men’s health in…
TRT appoints Australia GM and new shareholder
Kiwi-owned TRT has appointed Neil Webb as general manager and new investment partner of its Australian operations – the first ever external shareholder for the family-owned…
Volta Trucks looks to European expansion
Volta Trucks is seeking potential locations for its truck-as-a-service pre-sales and aftersales facilities across Europe during the electric commercial vehicle manufacturer and services provider’s next expansion…
Tourism Holdings sells motorhome rental businesses
Tourism Holdings Limited (THL) has sold its peer-to-peer motorhome rental services Mighway and SHAREaCAMPER to Australian-listed firm Camplify for A$7.37 million (NZ$7.7m). Based on the purchase price, THL…
DGL Group makes multi-million dollar acquisitions
New Zealand-based chemicals, transport and logistics firm DGL Group has announced two major acquisitions with the purchase of AdBlue manufacturer AUSblue along with Australian bulk liquid…
Ineos launches hydrogen campaign
UK-based chemicals giant Ineos has doubled down on its two-billion euro (NZ$3.2b) investment in green hydrogen with the launch of an advocacy campaign. Founder and chairman…
Ports of Auckland board gets new directors
Geoff Plunket, left, and Stephen Reindler Ports of Auckland chair Jan Dawson has announced the appointment of two new directors to the board. It includes Geoff…
Z Energy board approves $2b takeover offer
Z Energy’s board of directors is unanimously recommending that shareholders vote in favour of a full acquisition offer with Australian fuel retailer Ampol valued at just…