Industry News: Navis Capital sells WorldMark stake

13007195_967607239955449_1512406889451608709_nMalaysia-based private equity firm Navis Capital Partners has reached a deal to sell its interest in WorldMark Group Holdings to Australia’s Quadrant Private Equity.

Navis had acquired a controlling stake in WorldMark, a B2B distributor of automotive aftermarket products and services to Australian dealerships, in 2010. It assisted WorldMark to increase its market share within dealerships and expand into new channels.

The company is best known for its Tint-a-Car brand in New Zealand and Australia, but also supplies other car protection products as well as fleet management operations. Continue reading “Navis Capital sells WorldMark stake” »

Malaysia-based private equity firm Navis Capital Partners has reached ...

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Industry News: Hellaby focuses on automotive as annual profit falls

Alan Clarke

Alan Clarke

Hellaby Holdings – the one with investments in automotive and transport servicing and parts businesses rather than sausages –  has posted a 30% fall as restructuring to exit non-core businesses and focus on automotive and resource units under new chief executive Alan Clarke continues.

“FY 2016 was a difficult year and not one we expect to be repeated,” Clarke says in the company’s results release. “We do expect to see a stronger performance in FY 2017 as our new strategic plan takes effect and we focus on building scale and market share in our automotive and resource services groups.”

In June, Hellaby sold its equipment group to a private equity fund for $81 million and bought maintenance and engineering contractor TBS Group for $45 million plus $6 million of earn-outs. Neither transaction was recognised in the result. Continue reading “Hellaby focuses on automotive as annual profit falls” »

Alan Clarke Hellaby Holdings – the one with investments in automoti ...

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Industry News: MPI’s new airport home

1918709_933428456738931_7809513141449273509_nThe Ministry for Primary Industries will become the latest addition to Auckland Airport’s business park at the ‘The Landing’ – three minutes from the airport’s terminals and featuring more than 100ha of extensively landscaped development land.

The new 17,000sqm premises will enable MPI to consolidate much of its Auckland services from passenger and cargo clearance and export certification, compliance and inspection to fisheries operations and the national detector dog centre into one location and retain the convenience and benefits of an airport location.

The centre will comprise over 4,000sqm of office space, significant storage and warehousing and kennels for up to 80 dogs. Continue reading “MPI’s new airport home” »

The Ministry for Primary Industries will become the latest addition to ...

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Industry News: Perception is reality

This story first appeared in the August issue of AutoTalk – CLICK HERE to download the magazine FREE

Perception is reality PICI know that many of AutoTalk’s readers are experienced motor traders, ranging from the small and independent to large franchise dealer groups. So I apologise if this is obvious to you, but this month’s article is directed at the ever-growing number of new entrants to our industry.

Over the last 30-plus years, Autosure has worked with individuals who have acquired their motor trader licences and worked from home, grew their businesses, took on business premises and became highly successful operations. On the other hand, it has also worked with people who have struggled to make the necessary adjustments, and have gone out of business.

It is these expensive lessons that we all hope to avoid. While most of the points I will make in this article are common sense, they are often forgotten when business is tough and pressure is bearing down. Continue reading “Perception is reality” »

This story first appeared in the August issue of AutoTalk – CLICK HERE ...

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Industry News: World-first UAV pizza delivery trial for New Zealand

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Transport Minister Simon Bridges has welcomed the announcement that New Zealand will host a world-first trial of pizza delivery using an Unmanned Aerial Vehicle – commonly known as drones.

Domino’s Pizza Enterprises (Domino’s) have announced in Auckland today that they have joined forces with UAV industry leader Flirtey to launch the first commercial drone delivery service in the world.

“Domino’s and Flirtey have chosen New Zealand for the trial because our forward-thinking aviation regulations encourage innovation, while protecting safety,” Bridges says. Continue reading “World-first UAV pizza delivery trial for New Zealand” »

Transport Minister Simon Bridges has welcomed the announcement that Ne ...

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Industry News: ITS summit attracting global experts

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The one-day Intelligent Transportation Systems annual summit at the Aotea Centre in Auckland on October 5, is inviting expert speakers from around the globe as well as locally.

ITS New Zealand is publishing the summit programme online at itsnz.org/its-new-zealand-summit

It says leading transport decision makers, ITS and transportation technology innovators, suppliers, engineers, and academics are attending the event. Continue reading “ITS summit attracting global experts” »

The one-day Intelligent Transportation Systems annual summit at the ...

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Industry News: How do you manage your digital marketing requirements?

This story first appeared in the August issue of AutoTalk – CLICK HERE to download the magazine FREE

How do you manage your digital marketing requirements PICOver recent years dealer principals have often asked me whether they should create a dedicated digital marketing position within their dealership. I have found that this is not a simple question to answer with a definitive yes or no.

One fact for certain is that dealership digital marketing requirements continue to increase in complexity at an alarming rate.

With the pace of technology change so very evident, just what steps should a dealer take to best manage their digital marketing requirements? In order to gain a measure of clarity on this question, I outline in this article a step-by-step approach for readers. Continue reading “How do you manage your digital marketing requirements?” »

This story first appeared in the August issue of AutoTalk – CLICK HERE ...

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Industry News: Kiwi car buyers want fuel efficiency

image004%5b2%5dKiwi new car buyers see fuel efficiency as a big part of their purchasing decision according to a new survey.

Conducted by Ford across its markets in the Asia Pacific region, the survey found more than 83%of New Zealand consumers say that fuel efficiency is more important than power.

The survey of more than 9,500 drivers in 11 markets across the region, was undertaken in June. Continue reading “Kiwi car buyers want fuel efficiency” »

Kiwi new car buyers see fuel efficiency as a big part of their purchas ...

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