Done Deal: Recent fundings secured, contracts inked and deals did, for the tl;dr crowd

NEC New Zealand has appointed Takashi Tada as its new managing director. With close to 20 years of experience with NEC, he will be responsible for leading NEC New Zealand to continue its business transformation endeavours and achieve business growth in the country. He replaces Tetsuro Akagi, who will focus his efforts on his role as CEO of NEC Asia Pacific.

Takashi Tada.

Scott Bartlett has come onboard as the new Group CEO of Kordia. Since 2013, Scott has served as CEO of Kordia’s New Zealand operations, and in his new role will also assume responsibility for Kordia’s Australian operations. Kordia group chair Lorraine Witten praised the appointment, saying it “results in the formation of a single group leadership team across Australasia with a more centralised management structure supported by decentralised decision making.” Bartlett brings more than a decade of experience leading businesses. He was previously CEO of Orcon before being appointed as the CEO of Kordia New Zealand in 2013.

Scott Bartlett.

Volvo and Uber have formed a strategic alliance to develop the next generation of self-driving cars, entering into a $411 million joint venture to develop new vehicles that will be able to incorporate more modern AD technologies, including fully autonomous driverless cars. The new base vehicle will be developed on Volvo’s Scalable Product Architecture (SPA), which is currently used on Volvo’s XC90 SUV, as well as the S90 premium sedan and V90 premium estate. SPA has been developed as part of Volvo’s $15 billion global industrial transformation programme, which started in 2010. Both the companies say more driverless cars on the road will reduce accidents and save lives.

InterCity has bought the New Zealand franchise of Gray Line, the world’s biggest bus sightseeing brand, from Johnston’s Coachlines for an undisclosed amount. As part of the deal, InterCity will offer all of Gray Line’s New Zealand tours, incorporating them as part of its existing schedule of sightseeing day tours, and the company’s GreatSights coaches will be painted with new livery to incorporate the Gray Line brand. Gray Line offers more than 3,500 tours and experiences in 700 locations around the globe.

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