Auckland IT equipment leasing firm Leasetech has bought Numeria Leasing, a subsidiary of Capital and Merchant Finance, which has been in receivership since last November.
Numeria’s business has mainly been focused on operating eftpos equipment leases and Leasetech will take this over, as well as offering new leases through Numeria’s dealer network.
Leasetech managing director Juri Zacest says the acquisition will add 10,000 customers to its base, taking it in a new direction that complements its other business.
“Leasetech has traditionally focused on office equipment leasing for the small to medium business market, such as computers, printers, other hardware and software. The expansion into eftpos equipment leasing is a natural fit,” he says.
Leasetech has also shifted premises from the central city to the suburb of One Tree Hill, and has hired Prue Hobill as South Island sales manager. Hobill previously worked for The Laptop Company.
Tim Downes and Richard Simpson of Grant Thornton, the receivers of Capital and Merchant Finance, say they were pleased to sell Numeria as a going concern, after a global search for potential buyers.