| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 30 March 2026 |
| Pathway | Significant business assets |
| Investment | Acquisition of up to 100% of the shares (and all rights convertible into shares) in Rakon Limited |
| Consideration | $360,715,439 |
| Applicant | Bourns, Inc. United States of America 100% |
| Vendors | Shareholders of Rakon Limited New Zealand 83% Various 17% |
| Background | The Applicant is an American company, ultimately owned by the Bourns family. The Applicant manufactures and supplies a broad portfolio of electronic components to a multitude of markets globally. The Applicant intends to make a full takeover offer pursuant to the New Zealand Takeovers Code. Rakon Limited is a New Zealand Stock Exchange listed company which designs, develops, and manufactures frequency control and timing solutions. Consent was granted as the Applicant met the investor test criterion. |
| More information | Anastasiya Gamble Simpson Grierson Private Bag 92518 Auckland 1141 |