TradeWindow agreement to acquire Rfider goes unconditional

MEDIA RELEASE
TradeWindow agreement to acquire Rfider goes unconditional
15 July 2022
Auckland, NZ. TradeWindow (NZX: TWL), has advised that an agreement to acquire
the business and assets of Rfider Limited, an Auckland-based software company,
(first announced to the market on 17 May this year), has now gone unconditional.
Rfider has developed a mobile interface that can be rapidly deployed in complex
supply chains to capture many points of data. TradeWindow is acquiring the
business and assets from Rfider Limited which primarily comprises the Rfider software
platform, associated intellectual property and customer relationships. The
acquisition will help TradeWindow extend its reach deeper into primary industry
supply chains by providing traceability all the way back to the points of cultivation
and production.
TradeWindow CEO AJ Smith welcomed John Pennington and his team from Rfider
into the fold at TradeWindow.
“We are delighted to go unconditional on the purchase of Rfider and excited by the
synergies. Rfider’s functionality significantly enhances our existing provenance
solution, with its impressive user experience and broader target market.” Mr Smith
says.
“The skilled team, as well as customers from Australasia, Europe, USA and South
America which will come across as part of this acquisition, will significantly
accelerate TradeWindow’s penetration of the traceability market,” Mr Smith says.
Settlement for the acquisition of Rfider is expected to take place on or around 29 July
2022.
This week TradeWindow completed an oversubscribed $9 million capital raise and
opened a share purchase plan for up to an additional $1 million for existing
shareholders. The purpose of the raise was to provide TradeWindow with the
funding to continue to execute on quality growth opportunities moving forward.
ENDS
About TradeWindow:
Founded in December 2018, TradeWindow is an NZX-listed software company that provides digital
solutions for exporters, importers, freight forwarders, and customs brokers to drive productivity, increase
connectivity, and enhance visibility. TradeWindow’s software solutions integrate to form a cohesive digital
trade platform that enables customers to more efficiently run their back-end operations, share information
and securely collaborate with a global supply chain made up of customers, ports, terminals, shipping
lines, banks, insurance companies, and government authorities.
www.tradewindow.io
Further information:
Piet de Jong, for TradeWindow communications
piet.dejong@baldwinboyle.com, +64 21 812 766