Port of Tauranga is paying US$10.36 million for all of Tapper Transport, with the main aim of increasing business through the port's inland Auckland facility MetroPort, reported the New Zealand Press Association.
The agreement includes a two-year earn out provision, with a maximum payment of $2.76 million.
The announcement comes a day after the death of Tapper Transport director Simon Tapper who, the announcement said, regarded the deal as perfect closure for a career in the freight business that he was so passionate about. |
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