Applicant
Transdev New Zealand Limited
Case number(s)
201900331
Decision date
Type
Decision
DecisionConsent granted
Section 12(b) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date31 October 2019
Pathway(s)Sensitive land – benefit to New Zealand
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of 100% of the shares in InMotion Group Limited which holds a leasehold interest in 1.5921 hectares of land at 380 Ti Rakau Drive, East Tamaki.
Consideration$31,500,000
ApplicantTransdev New Zealand Limited
Caisse des depots et cosignations, France (66.0%)
Georg Rethmann, Germany (8.5%)
Ludger Rethmann, Germany (8.5%)
Klemens Rethmann, Germany (8.5%)
Martin Rethmann, Germany (8.5%)
VendorSouter H&E Limited, William Rae and Treena Martin
United Kingdom Public (99.125%)
New Zealand Public (0.87%)
Background

The Applicant is a New Zealand subsidiary of Transdev Group S.A, which is a global provider of public transport services.

InMotion Group is the parent company of Howick and Eastern Buses Limited, which operates bus services for the Auckland public under service contracts with Auckland Transport.

Under these contracts, Howick and Eastern Buses has a leasehold interest (through a subsidiary) in a bus depot in East Tamaki, which constitutes sensitive land under the Act.

The Applicant intends to continue to operate the bus depot on this land, with its tenure under the lease being subject to continued service contracts with Auckland Transport.

The Applicant’s investment plan includes spending $400,000 per year over a 5-year period on development initiatives for its employees and digitising the existing systems used by Howick and Eastern Buses.

More informationTara Wylie
Simpson Grierson
Private Bag 92518
AUCKLAND 1141