|Toitū Te Whenua Land Information New Zealand
|7 September 2023
|Significant business assets
|Acquisition of up to 100% of the shares in Serato Audio Research Limited
|Between $100,000,000 and $120,000,000. And subject to customary adjustments and further potential earn out payments
|Existing Shareholders of Serato Audio Research Limited
New Zealand (100%)
The Applicant specialises in DJ, audio, and music production equipment and software. The Applicant is ultimately majority owned by Noritsu Koki Co Ltd, a Japanese company with subsidiaries that specialise in audio equipment, high end stationary, and medical data analysis and research.
The Applicant has been granted consent to acquire Serato, an Auckland based company that produces DJ and music production software, and various audio accessories.
Consent was granted as the Applicant has met the investor test criterion. The consent is conditional upon clearance (or confirmation if it is not required) from the New Zealand Commerce Commission.