Trade and Investment Minister Todd McClay has today set the scope of the country’s investment agency, Invest New Zealand, announcing strategic growth areas and launching three investment prospectuses.
“New Zealand has underachieved in attracting foreign investment, and this dedicated agency is key to us achieving more. More capital means stronger business, more jobs and a growing economy,” Mr McClay says.
New Zealand’s stock of Foreign Direct Investment (FDI) amounts to 37% of GDP compared to an OECD average of 53%. Annual net inflows of FDI are 1.4% of GDP, placing New Zealand 31st out of 38 OECD countries.
InvestNZ will target investments in the range of $100 million to $1 billion as well as projects from $20 million that have the ability to scale. It will act as a bridge for local investors, connecting domestic business with high-value investment opportunities, and ensuring the Active Investor Plus scheme delivers for the New Zealand economy.
“The agency will also advise the government on policy and regulatory settings to support New Zealand as a globally competitive place to invest,” Mr McClay says.
InvestNZ will prioritise six new strategic growth areas:
Private infrastructure,
Renewable energy
Data infrastructure
Digitisation and Artificial Intelligence
Technology including AgTech, MedTech, and SpaceTech
Advanced manufacturing and processing facilities
Speaking to a business audience hosted by the Auckland Business Chamber, Mr McClay launched three investment prospectuses supporting strong regional sectors of the economy: Tourism; Wood Processing; and Innovative Food Production.
“These are sectors where New Zealand has a competitive edge and a compelling growth story.
“The prospectuses are demonstrating to the world’s investors we are open for business, ready to scale up and take advantage of new opportunities.”
The prospectuses are available on the InvestNZ website via: https://www.nzte.govt.nz/page/wood-processing
https://www.nzte.govt.nz/page/tourism
https://www.nzte.govt.nz/page/food-and-beverage
Source: https://www.beehive.govt.nz/
Long Beach, California. Rocket Lab Corporation (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced it successfully launched a suborbital mission with its HASTE launch vehicle for the Defense Innovation Unit (DIU) and Missile Defense Agency (MDA) - advancing national interests in safeguarding the homeland through the testing of advanced technologies for missile defense.
The launch on HASTE – Rocket Lab’s commercial launch vehicle for regular and reliable hypersonic test flights – took place from Rocket Lab Launch Complex 2 on Wallops Island, Virginia, at 13:00 UTC/08:00 a.m. ET on November 18, 2025. Led by MDA, the mission deployed a government-provided primary payload developed by the John Hopkins University Applied Physics Laboratory, and multiple secondary payloads by federal and industry partners, which tested key technologies for missile defense applications.
The mission was contracted to Rocket Lab through the DIU’s Hypersonic and High-Cadence Airborne Testing Capabilities (HyCAT) program, an initiative supporting test and evaluation of new and emerging hypersonic technologies through low cost, responsive and long endurance flight testing. The mission launched within 14 months of contract signing, demonstrating streamlined operational benefits for government customers through Rocket Lab’s commercial speed, innovation, and efficiency. The mission also exemplified the cost and schedule savings that commercial liquid launch vehicles can bring to the MDA test community for developmental testing, non-traditional targets testing, and risk-reduction payload testing activities.
Rocket Lab’s Vice President Global Launch Services, Brian Rogers, says: “HASTE is an important platform for accelerating hypersonic technology readiness for the nation, and we’re proud to be delivering this mission for DIU and MDA.”
LtCol Nicholas Estep, Director of DIU’s Emerging Technology Portfolio, says: “Accessing the commercial and non-traditional ecosystem is a key enabler to accelerating progress in the hypersonics community of interest, particularly for closing mission timelines and driving towards mass and affordability. Working with MDA to demonstrate commercially-focused sub-orbital launch services is a great example of that axiom.”
The mission was Rocket Lab’s sixth launch of its HASTE rocket since the launch vehicle’s debut in 2023. A suborbital variant of Electron - the world’s most frequently launched small orbital rocket - HASTE includes much of the same innovative technology as Electron, including carbon fiber composite structures and 3D printed rocket engines, but has a modified upper Kick Stage tailored for hypersonic technology tests and a larger payload capacity. HASTE can deploy technologies at speeds of more than 7.5km per second to test air-breathing, glide, and ballistic payloads, as well as technologies to re-enter Earth’s atmosphere from space. Combined, the HASTE and Electron launch vehicles have deployed 200+ payloads for government and commercial customers to date.
Media ContactMurielle Baker media@rocketlabusa.com
About Rocket LabRocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at www.rocketlabcorp.com
Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at www.rocketlabcorp.com, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
Source: https://rocketlabcorp.com/
Minister for Trade and Investment; and Agriculture, Todd McClay, has cautiously welcomed the United States announcement this week removing the additional reciprocal tariffs on a range of New Zealand agricultural products, including beef, offal, and kiwifruit.
These products represent around 25 per cent of our exports to the United States, worth approximately NZ$2.21 billion annually.
“The US remains an important trade partner for New Zealand and the decision to lift these tariffs is a step in the right direction and will be welcomed by exporters who have faced months of uncertainty and higher costs,” Mr McClay says.
The additional tariffs were first introduced in April at 10%, and increased to 15% in August based on New Zealand running a modest trade surplus with the US.
“Returning to the pre-reciprocal tariff access we had before April provides some much-needed stability for our farmers and processors. We estimate this is a saving of around $330 million in additional tariff duty.
“However, this is only a partial rollback. Tariffs remain in place on other important New Zealand products, and the broader reciprocal tariff framework continues to create cost and uncertainty for our exporters.
“New Zealand has a balanced and complementary trade relationship with the United States. US goods imported by New Zealand only face on average a 0.3% tariff rate with very few restrictions.
“I have spoken directly with my US trade counterpart USTR Jamieson Greer a number of times over the last few months and will continue to make the case that New Zealand’s trading relationship with the US is balanced and that the additional reciprocal tariffs on other New Zealand exports should also be removed.”
Note to editors:
Main New Zealand exports covered by the tariff reduction announcement: Beef, prepared meats, offal, kiwifruit, misc. fresh fruit, berries, avocados.
News that US supermarket giant Costco is planning to open a second New Zealand store in South Auckland is great news for Kiwi shoppers, Economic Growth Minister Nicola Willis says.
“Today’s announcement follows the introduction to Parliament last week of legislation creating a consenting express lane so that new supermarkets can be approved and built more quickly.
“The Government is working with Costco to ensure that we are doing everything possible to make consenting as quick and efficient as possible,” Nicola Willis says.
Property company Kiwi Property announced this morning that it has reached conditional agreement to sell Costco 6.4 hectares of land next to its 53ha residential, commercial and retail development at Drury.
The Kiwi Property development, which received Fast-track approval last week, is projected to inject over $1.45 billion into the Auckland’s economy over the next 11 years and deliver about 3420 full-time jobs in construction and related services.
“Costco’s planned expansion will add to that boost by creating more construction jobs,” Nicola Willis says.
“It is also fantastic news for shoppers. More competition means more choice and lower prices.
“Costco’s West Auckland store has already improved competitive dynamics in that local area and created a new export pathway for several New Zealand food suppliers.
“Costco Westgate has 250,000 members who value the choice it offers. The store employs hundreds of staff.
“The establishment of another store in South Auckland will give more Aucklanders - as well as people in Waikato access to the same choice.
““Today’s announcement is a vote of confidence in New Zealand and, hopefully, the first of several such announcements from Costco.
“Developments like this benefit from the steps the Government has taken to make it easier to build supermarkets in New Zealand. They are:
New Zealand tech exporters generated NZ$20 billion in revenue in FY2025, up 9.9% on the previous year
Key highlights from the 2025 TIN Technology Industry Analysis Report:
NZ’s top 200 technology export companies by revenue (TIN200 companies) generated $20B in total revenue for FY2025, up $1.80B or 9.9% on FY2024.
Total TIN200 exports were $15.31B, up $1.69B or 12.4% on FY2024. Tech constitutes NZ’s third largest export earner behind dairy and tourism.
40 companies recorded revenue of $100m+, an increase from 19 in FY2015 – and 67 companies now record revenue of more than $50m.
Total TIN200 employment was 61,369, up 778 or 1.3% on FY2024.
NZ early-stage capital investment was a total of $467m across 146 deals, up from $349m across 144 deals in FY2024.
High-Tech Manufacturing companies were the primary growth driver in FY2025, recording a 11.5% increase in revenue to $9.80B.
Auckland leads the regions, with $10.5B in revenue earned, and Wellington coming second with $5.2B revenue earned.
Xero and F&P Healthcare are the first two TIN200 companies to reach $2B in revenue.
AUCKLAND, 5 November 2025 – Technology Investment Network (TIN) has released the 2025 TIN Report, revealing a resurgent year for New Zealand’s technology export sector as revenues climbed 9.9% to a record $20 billion. Exports rose 12.4% to $15.31 billion; the TIN tech sector now represents New Zealand’s third-largest source of offshore revenue, behind dairy and tourism, underscoring its role as the country’s leading high-value export industry.
TIN Head of Research, Narjis Adnan, says “Reaching $20 billion in total revenue marks a major milestone for New Zealand’s tech sector. The data shows an industry that’s truly hitting its stride – powered by record R&D investment, rising profitability, and strong offshore demand. What we’re seeing is a globally competitive ecosystem that’s established, resilient, and firmly positioned at the centre of Aotearoa’s economic future.”
Launched at The Cloud in Auckland amongst many industry leaders, investors and founders, the report marks the 21st edition of TIN’s annual ranking of New Zealand’s top 200 technology export companies (TIN200). This year’s theme – “New Rules, No Limits” – reflects the sector’s bold shift toward new markets, technologies and models of growth.
“The tech export sector continues to defy the economic headwinds that have slowed other industries,” said Greg Shanahan, Managing Director of TIN. “We’re seeing a more diverse, globally connected ecosystem of Kiwi companies competing at scale – from advanced manufacturing and aerospace to AI and fintech. This growth has been driven by a long-term focus on innovation, R&D investment and high-value jobs that are reshaping New Zealand’s economic future.”
The report shows employment increased to 61,369, reflecting continued high-value job creation and strong productivity gains. High-Tech Manufacturing remained the largest contributor, expanding 11.5% to $9.8 billion in revenue, reflecting solid performance by medical device and advanced engineering firms. ICT followed with 8.9% growth to $8.93 billion, driven by software, SaaS and fintech leaders such as Xero, Datacom and Windcave. Biotech also rose 4.9% to $1.25 billion, underscoring New Zealand’s strength in health and life sciences.
“After 21 years of tracking New Zealand’s tech economy, we’re seeing a sector that has matured without losing its agility,” Shanahan added. “These companies are writing their own rules – innovating through uncertainty, expanding into new markets and creating opportunities that go beyond traditional economic boundaries. That mindset of ‘no limits’ is what continues to propel Aotearoa’s tech success story.”
There has been a decade of unprecedented expansion. Over the past ten years, TIN200 revenue has grown 123% from $8.95B in 2015 to $19.99B today. The number of home-grown companies earning $200 million or more has sextupled from 3 in 2005 to 19, and those above $100 million have tripled to 40. Global employment within the TIN200 has expanded by nearly 24,000 people, with offshore job creation outpacing domestic growth nearly three-to-one. Fintech and Healthtech have emerged as dual powerhouses, together contributing almost $6 billion in annual revenue, while new entrants in cleantech, aerospace, and advanced manufacturing point to the next generation of high-growth exporters.
As the TIN200 enters its third decade, it stands not only as a measure of industry performance but as evidence of a national transformation – one where technology has become central to Aotearoa New Zealand’s future prosperity.
Download the 2025 TIN Report, which is sponsored by New Zealand Trade and Enterprise (NZTE), Absolute IT, BNZ, ASX and Hamilton City Council, and can be ordered here.
Source: https://tin100.com/
New Zealand’s Zenno Astronautics has secured a ground-breaking partnership with Seattle-based company Portal Space Systems – bringing the world’s most powerful magnetic actuator into its first free-flying mission.
Zenno’s technology is on track to become the backbone of next-generation space infrastructure, revolutionising how spacecraft manoeuvre and interact in orbit.
With Zenno’s flagship product – the Supertorquer – onboard, Portal Space Systems will launch the Starburst-1 mission, a highly manoeuvrable spacecraft in late 2026. The purpose of the mission is to demonstrate the effectiveness of the technology in a year-long mission.
The Supertorquer is a world-first system that uses superconducting electromagnetics to control a spacecraft’s attitude (orientation/pointing) without using chemical fuel. It interacts with the Earth’s magnetic field to vastly enhance satellite manoeuvrability.
Auckland-based Zenno Astronautics co-founder and chief product officer Sebastian Wieczorek says, “I am very excited to partner with Portal Space Systems to deliver record-setting magnetic performance on board a spacecraft using Zenno’s Supertorquer. As a Kiwi founder, I am proud that this New Zealand-designed and built product will be featured on the world stage at the cutting edge of technology. This milestone will also be instrumental in proving New Zealand’s sovereign capability in space.”
Portal Space Systems' Starburst-1 mission will spend a year in sun-synchronous orbit and will demonstrate rendezvous and proximity operations (RPO), rapid retasking, and rapid orbital change for national security and commercial use cases, including Supernova's high-performance reaction control system (RCS) thrusters, which will serve as the main translational propulsion for the Starburst vehicle.
Portal Space Systems chief executive Jeff Thornburg says, “Zenno’s superconducting magnet technology introduces a new class of precise, fuel-free control that unlocks real mission value – especially for operations like RPO, inspection, and orbital servicing. I’m especially excited about the potential for radiation shielding. These are exactly the kinds of capabilities that Starburst is built to support. Pairing Starburst with the Zenno Supertorquer, set to be the most powerful magnetic actuator ever flown, is a natural fit. This mission gives both teams the opportunity to demonstrate a combined capability that’s directly relevant to defence and commercial operators alike.”
Zenno is building next-gen hardware for manoeuvrability in space, leveraging solar energy and Earth’s magnetic field to drive real impact.
“New Zealand is punching above its weight in both space and superconductivity, delivering real value to the industry. Zenno is proud to be at the forefront of this with a vision building for life in space.” Wieczorek concluded.
About Portal Space Systems
Portal Space Systems is a next-generation spacecraft company headquartered in Washington state. The company builds reconfigurable, maneuverable spacecraft designed to support defense and commercial missions on operational timelines.
Portal emerged from stealth in 2024, earned STRATFI support, raised one of the largest publicly announced seed rounds in the sector, and was named a Via Satellite “Top 10 Startup to Watch.”
Source: https://www.zenno.space/
CHICAGO and AUCKLAND — Grant Thornton Advisors LLC (Grant Thornton Advisors) today announced that its multinational platform is growing to include Grant Thornton New Zealand — a move that extends the platform’s reach across 20 time zones into the Asia Pacific region.
The New Zealand firm is a recognized leader in its region, with US$40+ million in annual revenue and a team of more than 300 dedicated professionals. It is known for its strength in key markets and its reputation for delivering leading audit, tax and advisory services.
Grant Thornton Advisors launched its platform earlier this year with the support of an investor group led by New Mountain Capital — and is already bringing more than a dozen high-performing firms across the Americas, Europe and the Middle East into an integrated advisory and tax practice, complemented by independent audit practices.
The platform currently includes Grant Thornton firms in the US, Ireland, France, the United Arab Emirates, the Netherlands, the Channel Islands and the Cayman Islands. Additionally, it previously announced transactions with Grant Thornton firms in Spain, Switzerland, Liechtenstein, Belgium and Luxembourg, which it anticipates closing in the coming weeks. Further, it has added top firms serving strategic markets and industries, including Auxis, a pioneer in outsourcing and business modernization — and Stax, a specialist in commercial due diligence and value creation.
“Modern businesses demand seamless service and consistent quality — whether they’re operating in New York, Auckland or locations in between,” said Jim Peko, CEO of Grant Thornton Advisors LLC. “By welcoming Grant Thornton New Zealand to our platform, we’re expanding our multinational reach into a vital region with a firm that shares our ambition and values. Together, we’re building a truly borderless one-of-a-kind platform that delivers exceptional outcomes across industries and geographies.”
According to Russell Moore, CEO of Grant Thornton New Zealand: “This is an extremely exciting time for Grant Thornton New Zealand — for our business, our people and for the clients we work alongside. As our market continues to evolve, businesses are looking for smarter solutions, deeper expertise and global connectivity. By joining Grant Thornton Advisors, we can deliver all three — bringing world-class technology, insight and capital to help our clients grow with confidence, both in New Zealand and beyond.”
The transaction is expected to close later this year.
The expanded platform will continue to be part of the Grant Thornton International Limited network, which comprises member firms in more than 150 markets worldwide.
Simpson Thacher & Bartlett LLP and MinterEllisonRuddWatts provided transaction services to Grant Thornton Advisors. Major advisors to Grant Thornton New Zealand included Tompkins Wake.
About Grant Thornton
Grant Thornton delivers professional services in the US through two specialized entities: Grant Thornton LLP, a licensed, certified public accounting (CPA) firm that provides audit and assurance services ― and Grant Thornton Advisors LLC (not a licensed CPA firm), which exclusively provides non-attest offerings, including tax and advisory services.
In January 2025, Grant Thornton Advisors LLC formed a multinational, multidisciplinary platform. The platform offers a premier advisory and tax practice, as well as independent audit practices. With offices across the Americas, Europe and the Middle East, the platform delivers a singular client experience that includes enhanced solutions and capabilities, backed by powerful technologies and a roster of more than 18,000 quality-driven professionals enjoying exceptional career-growth opportunities and a distinctive cross-border culture.
Grant Thornton is part of the Grant Thornton International Limited network, which provides access to its member firms in more than 150 global markets.
Grant Thornton LLP, Grant Thornton Advisors LLC and their respective subsidiaries operate as an alternative practice structure (APS). The APS conforms with applicable laws, regulations and professional standards, including those from the American Institute of Certified Public Accountants.
“Grant Thornton” refers to the brand under which the member firms in the Grant Thornton International Ltd (GTIL) network provide services to their clients and/or refers to one or more member firms. Grant Thornton LLP and Grant Thornton Advisors LLC serve as the U.S. member firms of the GTIL network. GTIL and its member firms are not a worldwide partnership and all member firms are separate legal entities. Member firms deliver all services; GTIL does not provide services to clients.
About Grant Thornton New Zealand
Grant Thornton New Zealand is a leading professional services firm providing audit, tax, and advisory services to dynamic organisations across key sectors of the New Zealand economy. With 37 partners and more than 300 professionals and in Auckland, Wellington and Christchurch, we combine local insight with global reach through the Grant Thornton International network, spanning more than 150 markets.
We’re known for our collaborative, client-centred approach and invest the time needed to understand each client’s ambitions, challenges and opportunities. Our teams combine deep technical expertise with fresh, commercial insight to deliver practical solutions that create real impact. Agile and responsive, we work alongside clients to achieve the outcomes that matter most - whether that’s improving performance, growing value, or building investor and stakeholder confidence.
About New Mountain Capital
New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease investment strategies with approximately $55 billion in assets under management. New Mountain Capital seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit newmountaincapital.com.
Source: https://www.grantthornton.com/
A Single Intelligent Portal Now Connects Any Parking Space— Indoor Or Outdoor, Off-Street Or On-Street—Worldwide.
Los Angeles, CA and Auckland, New Zealand – (November 3, 2025) – ParkHelp, the global leader in parking guidance solutions, announced today its acquisition of Cleverciti Systems GmbH, the worldwide leader in AI-powered curb management, on-street parking guidance, and guided enforcement solutions. The acquisition creates the industry’s most comprehensive, end-to-end platform—a unified ecosystem of technologies that reduces traffic congestion, increases revenue, and maximizes compliance and efficiency.
“Cleverciti brings world-class AI, data intelligence, and sensor technology to the ParkHelp ecosystem,” said ParkHelp’s CEO Poojitha Preena. “Together, we’re the only global provider able to manage every parking space—on-street or off-street, indoor or outdoor—from one unified, cloud-based platform.”
“For years, operators have had to piece together fragmented parking technologies,” said Cleverciti CEO David Parker. “Now, with our unified Portal, they can have a single source of truth for all occupancy, curbside activity, payments, and enforcement data. Whether managing a city’s entire curb network, an airport, or a university campus, clients can deliver a seamless, data-driven experience to drivers and enforcement teams alike—indoor or outdoor, on-street or off-street.”
Cleverciti’s curbside, on-street, and open-air off-street technologies are used in over 100 cities across the globe to reduce congestion, increase compliance, and enhance the driver experience using patented AI-enabled overhead sensors, real-time occupancy detection, state-of-the art LED digital signage, and guided enforcement. These technologies perfectly complement ParkHelp’s off-street sensor-based guidance systems and digital signage solutions, and the two platforms will now be combined to offer city operators and private asset owners a single, cohesive solution.
The combined platform will enable clients to:
Monitor and manage every parking space in real time—across streets, garages, and open-air lots.
Guide drivers intelligently to available spaces with dynamic signage and app-based wayfinding.
Guide enforcement officers to increase compliance and reduce operational costs.
Optimize curb zones for delivery, ride-hail, EV charging, ADA, and more.
Leverage powerful analytics to maximize ROI, reduce congestion, and achieve sustainability goals.
This strategic acquisition marks a major milestone in ParkHelp’s 20-year history of innovation and positions the company as the go-to global provider for cities, airports, shopping malls, universities, and parking operators seeking a unified, intelligent parking and curbside management solution.
“Municipal parking and curb management remain among the most untapped opportunities in urban mobility,” said Andy Bess, Managing Director of TrueNorth Capital Partners, who advised Cleverciti on the transaction. “This combination creates a powerhouse uniquely positioned to shape the future of smart, connected cities.”
With a combined direct presence in six countries—The United States, Germany, Spain, Brazil, New Zealand, and Ecuador—and a global network of certified distributors, the group now supports over 600,000 monitored parking spaces across over 700 locations in 50 countries.
In addition to this strategic acquisition, ParkHelp announced that it is actively pursuing additional partnerships and acquisitions to further expand its technology offerings and global footprint.
“We’re just getting started,” said Poojitha Preena. “This deal represents a pivotal step in our growth strategy, but we’re already exploring additional opportunities to bring even more innovation to the mobility and smart city space. As we close out our second consecutive year of over 100% year-over-year growth, we continue to hear from clients that the ability to drive ROI and offer flexibility in business models to accommodate any budget is a key reason they are adopting our Hardware-as-a-Service and Software-as-a-Service offerings.”
The integration process is already underway and ParkHelp occupancy data is already available in the Cleverciti platform for existing mutual clients. ParkHelp and Cleverciti clients can expect uninterrupted service and support, with new integration options enhancing the value of existing deployments.
Cleverciti becomes a wholly-owned subsidiary of ParkHelp and the entire Cleverciti team will remain in place following the acquisition, ensuring continuity for clients and partners. The combined company will continue to grow globally, investing in product innovation, AI development, and operational scalability. This continuity underscores the strong cultural, technical, and strategic alignment between the two organizations.
Cleverciti was advised by TrueNorth Capital Partners and DLA Piper. ParkHelp was advised by Lupp+Partner. Source: https://www.parkhelp.com/
New Zealand automation and robotics specialist Scott Technology has announced $44 million in new contracts with major multinational appliance manufacturers across the United States and Brazil, marking a major milestone in the company’s global growth strategy.
The new wins, including the largest-ever appliance contract in Scott’s history within the US, were secured in the first month of the new financial year and provide what the company calls “a strong start to FY26.”
“These contracts reflect a large-scale shift in how global manufacturers are competing,” says Mike Christman, CEO of Scott Technology.
“Manufacture reshoring, evolving supply chains, and ongoing labour scarcity are driving the industry to reimagine production. Automation is at the heart of this transformation, and Scott is uniquely positioned to deliver the scale, reliability, and innovation our customers need to succeed long-term.”
Under the new deals, Scott will design and deliver large-scale automation systems for the precision manufacture of household laundry appliances. The systems will integrate high-speed production, advanced diagnostics, and servo-electric clinching technology to improve efficiency, quality, and reliability.
According to Scott, these solutions support customers’ confidence in long-term manufacturing by delivering consistent performance and enhanced production visibility — a growing priority as global manufacturers seek to onshore or diversify supply chains.
The announcement follows the recent launch of Scott Technology’s Destination 2030 strategy, which was unveiled at the company’s inaugural Investor Day in Auckland last month. The five-year plan outlines a path toward sustainable, profitable growth, targeting revenues of $530 million by 2030 and anchored by four strategic enablers: Customer First, Leading-Edge Technology, One Scott, and High-Performing Teams.
“These contracts show that our strategy is already delivering results,” Christman says.
“They reinforce the strength of our Appliances domain, particularly in the USA where we are developing a strong pipeline of opportunities. By bringing together the focus of Destination 2030 with the expertise of our high-performing teams, we are delivering innovation, customer focus, and execution that create speed to market, production quality, and long-term value for our customers worldwide.”
While the company did not disclose the specific clients or values of individual contracts due to commercial sensitivity, the wins highlight the growing global demand for automated manufacturing solutions, and underscore the strength of New Zealand’s advanced engineering sector on the world stage.
Scott Technology, headquartered in Dunedin, designs and builds automation systems for sectors including appliances, meat processing, materials handling, and mining, with operations spanning New Zealand, Australia, Europe, the Americas, and China.
Source: https://exportertoday.co.nz/
Synlait Milk Limited (Synlait) advises that the Overseas Investment Office (OIO) has granted global healthcare leader, Abbott consent under the Overseas Investment Act 2005 to acquire the company’s North Island assets.
Synlait announced the conditional sale last month. The North Island assets include the Pōkeno manufacturing facility, along with the company’s Auckland sites (assets held at the blending and canning facility on Richard Pearse Drive and the warehouse facility on Jerry Green Street), and associated inventory and leasehold arrangements. The sale price totals US$178 million (NZ$307 million), with targeted completion on 1 April 2026. The sale remains conditional on Synlait obtaining customary consents and shareholder approval. Synlait’s majority shareholder, Bright Dairy Holding Limited owns 65.25% of the company, and has confirmed that it has received Bright’s vote in favour of the transaction ahead of Synlait’s annual meeting on Friday 21 November 2025.
Source: https://www.nzx.com/
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