| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 10 February 2026 |
| Pathway | Significant business assets |
| Investment | PartsTrader Holdings Limited is acquiring all the shares in PartsTrader Markets Limited |
| Consideration | $650,000,000 |
| Applicant | PartsTrader Holdings Limited United States 59% Canada 21% Various 20% |
| Vendors | The shareholders of PartsTrader Markets Limited New Zealand 99% United States of America 1% |
| Background | The Applicant is a wholly owned subsidiary of Mitchell Topco Holdings, Inc, a widely held US company which develops software used by the automotive industry to manage collision and medical claims, parts and labour estimates, and glass replacement quotes. The Applicant is acquiring the business of PartsTrader Markets Limited. They intend to amalgamate and continue building their business across the United States and New Zealand. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Matthew Woolley Quigg Partners PO Box 3035 Wellington 6140 |