The traffic management group will spend $NZ15 million in its second acquisition since hitting the ASX in 2021.
ASX-listed traffic management operator Avada Group is set to enter the New Zealand market after it acquired Wilsons Traffic Management.
Wilsons founders Sam Wilson and Gabby Krauze will stay on to manage the business and its 115 traffic controllers with operations in Christchurch, Nelson and Queenstown.. The group, founded by former Wallaby Dan Crowley and chaired by ex-Aurizon boss Lance Hockridge, picked up Victorian traffic management company Construct Traffic in August for about $30 million.
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