| Decision | Consent Granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 14 March 2018 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in 100% ordinary and preference shares in Simcro Holdings Limited, the consideration of which exceeds $100m. |
| Consideration | $136,000,000 |
| Applicant | Datamars SA Canada Public (65.1%) United States Public (13.7%) Luxembourg Public (9.1%) United Kingdom Public (8.7%) Switzerland Public (1.6%) Cayman Islands Public (1.0%) Spanish Public (0.8%) |
| Vendor | Shareholders of Simcro Holdings Limited New Zealand (37.29%) United States Public (25.7712%) Cayman Islands Public (12.0183%) Australian Public (10.0359%) Japanese Public (8.6111%) Uruguay 0.76% Various Public, Various (5.5136%) |
| Background | Datamars SA is a company registered in Switzerland specialising in radio frequency identification, it has markets in companion animal ID, livestock ID and textile ID products. Simcro Holdings Limited is a New Zealand registered company specialising in application devices for the animal health industry. The Investment will integrate the two businesses, and further develop and expand their product portfolios. Datamars SA has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character, and has also demonstrated financial commitment to the investment. |
| More information | Joshua Pringle Chapman Tripp PO Box 2206 AUCKLAND 1140 |