Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ARANZ Geo secures investment funding

ARANZ Geo secures investment funding from Pencarrow to accelerate global growth

CHRISTCHURCH, NZ, 4 August 2014 - ARANZ Geo Limited, a world leader in the visualisation and interpretation of geological sciences for the mining, hydrogeology and geothermal industries, today announced that Wellington-based Pencarrow Private Equity has taken an equity stake in the company. Pencarrow has secured a mix of existing shares and new shares through a significant investment, the terms of which were not disclosed. The new funds will allow ARANZ Geo to accelerate their global expansion and product plans, building on their past strong growth, and fund strategic acquisition opportunities.

ARANZ Geo has built a global reputation in the mining industry in particular as the developers of 3D geological modelling software Leapfrog® which is sold to over 50 countries. Recently ARANZ Geo acquired Australian based consultancy QG, a fully integrated geological, geometallurgical and mine planning consultancy to sit alongside their well established Leapfrog brand.

“2014 is going to be a big year for us,” said Shaun Maloney, CEO of ARANZ. “We’re very pleased to have Pencarrow as a cornerstone investor as we go after growth opportunities and cement our market leader position. We’re very well placed to leverage international markets and we’ll also consider further acquisitions to broaden our geosciences offering. The new funds will also allow us to build our team more rapidly to support this vision, particularly at an executive level.”

Nigel Bingham, Executive Director of Pencarrow Private Equity said, “ARANZ Geo has achieved great success to date, with a proven business model and profitable track record, by offering its customers products and solutions that give them a clear and sustainable competitive advantage. We’re excited to back their global expansion plans.”

Andrew Simmonds, Chairman of ARANZ Geo said, “It was important to the company that we sought a New Zealand investor who shared our vision, goals and company ethos, so we are delighted to be working with Pencarrow.”

ARANZ Geo’s R&D and head office is based in Christchurch and sales and support offices are located in Australia, Chile, Brazil, Denmark and Canada, with distributors in South Africa, Colombia and Mexico. For more on ARANZ Geo see


© Scoop Media

Business Headlines | Sci-Tech Headlines


Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Science Awards: NZAS Celebrate NZ Scientific Achievements

The Marsden Medal is awarded for a lifetime of outstanding service to the cause or profession of science, in recognition of service rendered to the cause or profession of science in the widest connotation of the phrase. This year’s medal is awarded to Dr Mike Andrews. More>>


Court Rules: Affco 'Unlawfully' Locked Out Meat Workers

The note says the full court found for the plaintiffs, "that is that the defendant locked out the second plaintiffs unlawfully and that it breached s 32 of the Act by acting otherwise than in good faith towards the plaintiffs while collective bargaining was still going on." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news