NZX
04/05/2015 10:01
ASSET
NOT PRICE SENSITIVE
REL: 1001 HRS NZX Limited
ASSET: NZX: NZX to acquire iFarm agri data business
NZX is pleased to announce the acquisition of iFarm, a leading livestock
market information business. The acquisition strengthens NZX Agri's position
as a leading provider of information and data products to a growing number of
farmer and corporate subscribers, across New Zealand and globally.
iFarm publishes weekly and monthly reports, combining the latest export data
and prices plus a wrap-up from recent stock sales throughout the country. The
iFarm business will become part of NZX's AgriHQ Data business unit.
NZX CEO Tim Bennett commented: "The iFarm business is a great strategic fit
with our existing AgriHQ data product set, broadening our data and analytics
offering to farmers and corporate subscribers, both nationally and
internationally."
Staff from iFarm will continue to operate the business and provide the same
level of product quality and customer service that subscribers have come to
expect from iFarm.
The acquisition price is confidential (although it is not material).
For further information please contact:
Kate McLaughlin
Corporate Communications
T: 09 309 3654
M: 027 533 4529
E: [email protected]
End CA:00263842 For:NZX Type:ASSET Time:2015-05-04 10:01:59
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