EROAD Limited to acquire Coretex Limited in a NZ$188.3 million deal

AUCKLAND, NEW ZEALAND: EROAD Limited has entered into a conditional agreement to acquire 100% of Coretex Limited in a NZ$188.3 million deal, a news release said. Under the agreement, EROAD pays NZ$157.7m in upfront consideration and NZ$30.6m consideration contingent on certain performance milestones. The acquisition will be partly funded by a NZ$64.4m fully underwritten conditional…