| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 30 July 2026 |
| Pathway | Primary Consent (Significant business asset) |
| Investment | Acquisition of the business and assets of AB Equipment Limited |
| Consideration | $165,786,246 |
| Applicant | Toyota Material Handling New Zealand Limited Japan 95% Various 5% |
| Vendor | AB Equipment Limited Australia 50% British Virgin Islands 15% Cayman 10% Luxembourg 6% United States of America 6% Various 13% |
| Background | AB Equipment Limited sells, leases and performs maintenance on primarily Toyota forklift vehicles. The business is based in Auckland and Christchurch. The Applicant is part of Toyota Industries Corporation, a Japanese company and a member of the wider Toyota group of companies. The Applicant intends to continue the business of selling, leasing and servicing Toyota forklift vehicles. |
| More information | Sam Kember Russell McVeagh PO Box 8 Auckland 1140 |