NZ Commerce Commission Clears Coretex Acquisition

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Market Release
NZ Commerce Commission Clears Coretex Acquisition 18 November 2021
Transportation technology services company EROAD (NZX/ASX: ERD) welcomes the Commerce
Commission’s decision to grant clearance for the Coretex acquisition.
EROAD announced on 14 July 2021 that it had entered into a conditional agreement to acquire 100%
of Coretex Limited (“Coretex”), a telematics vertical specialist provider delivering enterprise grade
solutions. The acquisition is expected to accelerate EROAD’s key growth metrics by two years
enabling it to capture the significant growth opportunity in North America and Australia. It also
accelerates growth by adding new strategic verticals and broadens EROAD’s product and customer
base.
The acquisition, which has also received shareholder approval and Overseas Investment Office
Consent, is now due to complete on 1 December 2021.

Ends
Authorised for release to the NZX and ASX by Mark Heine, EVP, General Counsel.
For Investor enquires please contact:
Anna Bonney
Investor Relations
+64 21844155
a
nna@merlinconsulting.co.nz

For Media enquiries please contact:
Courtney Ayre
ANZ Marketing Director
+61438763521
courtney.ayre@eroad.com



About EROAD
EROAD Limited (ASX: ERD; NZX: ERD) (“EROAD”) purpose is safer and more sustainable roads. EROAD
develops and markets technology solutions to manage vehicle fleets, support regulatory compliance,
improve driver safety and reduce the costs associated with operating a fleet of vehicles and
inventory of assets. EROAD has a proven SaaS business model and is experiencing continuing growth
in installed units and revenue. EROAD has operations in New Zealand, North America and Australia
with customers ranging in size from small fleets through to large enterprise customers. For more
information visit
https://www.eroadglobal.com/global/investors/