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Eroad attracts $147m takeover bid from Canadian suitor

Volaris offers 69% premium for telematics business which has struggled to make headway in North America.

Eroad offers telematics for trucking and transportation companies.

Will Mace Thu, 22 Jun 2023

Dual-listed telematics business Eroad has received a full takeover bid from Canadian company Volaris Group at $1.30 per share in cash, representing a 69% premium to its closing share price yesterday and valuing the company at $146.8 million.

The NZX and ASX listed trucking telematics provider told

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Will Mace Thu, 22 Jun 2023
Contact the Writer: william@nbr.co.nz
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Eroad attracts $147m takeover bid from Canadian suitor
Investment,
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