New Zealand information and communication technology firms dominated sales growth among the nation's high-tech companies in 2013, according to the latest TIN100 survey. Revenues of ICT firms climbed by 16.5 percent, or $122 million in the latest year, accounting for almost half of the $260 million growth recorded for the TIN100 companies, The Technology Investment Network and Callaghan Innovation said …

Tru-Test Corp, which doubled in size after buying a dairy industry equipment business, is considering three offshore acquisitions that would extend its exposure to the dairy industry, says managing director Greg Muir. The company made what it calls a transformational acquisition by buying Dairy Technology Services in January for some $73 million and the purchase contributed to a 12 percent …

Auckland electricity, gas and telecommunications network owner Vector says it is looking for opportunities in Australia rather than for acquisitions in New Zealand, where it says the tax laws favour foreign owners of utility assets. In an apparent swipe at foreign-owned competitors such as Wellington Electricity, Vector chairman Michael Stiassny told shareholders at the annual meeting in Auckland that acquiring …