Transport technology services company EROAD is entering the top 500 on the Australian Stock Exchange (ASX).
The ASX All Ordinaries Index includes the 500 largest companies listed according to their market capitalisation, and is considered the benchmark index for gauging the performance of the broader Australian stock market.
EROAD has achieved significant growth since listing on the NZX in 2014, and on the ASX in 2020.
Successfully completing its acquisition of Coretex in December 2021, the company with its purpose of creating safer, more sustainable roads is poised to expand in both the North American and Australian markets.
“We have an ambitious growth strategy, and both North America and Australia are major growth markets for EROAD,” chief executive Steven Newman says.
“Following our successful acquisition of Coretex in December, we now have greater resources and technology to strengthen our market share and deliver world-leading solutions to our customers,” he says.
EROAD will appear on the ASX All Ordinaries when the markets open on March 21.
