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Rakon goes acquiring
Posted by Rod in TechBiz at 11:31 am on Monday, 12 February 2007

Exciting to see a New Zealand technology company on the acquisition trail and leveraging it being a listed company to quickly raise cash.

Rakon to buy arm of British firm

Auckland-based Rakon Ltd, has entered an unconditional agreement to buy the Frequency Control Products (FCP) business of Britain’s C-MAC MicroTechnology for US$37 ($54.9) million.

The acquisition is to be funded by a $60 million equity placement …

This will be an interesting case study that should stimulate our local industry.

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Comments(2)

    Comment by sagenz at 9:16 am on 13 February 2007

    is that our local anti arms industry? :) Protestors on the front lawn, handbags at dawn?




    Comment by Jim Donovan at 12:02 pm on 13 February 2007

    Brilliant. Great to see them building up offshore operations as well as exporting. That’s how to create real global scale and long term earnings streams.