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Infinity Completes Acquisition Of RDT Pacific

Fri, 15 Dec 2000

Infinity Completes Acquisition Of Asset Management Company RDT Pacific

Infinity Group chair Patsy Reddy today announced that full-service, fixed asset management company RDT Pacific had become a wholly owned subsidiary.

Infinity Group's offer for the remaining 49.5% of RDT Pacific's shares had been accepted by RDT shareholders in exchange for shares in Infinity Group.

Ms Reddy said that full ownership of RDT Pacific was a further step in the Group's integration as a full service business enablement provider.

The company's depth of experience in fixed asset management in New Zealand and the Pacific, its strong revenue streams and its specialist service capability bring significant depth to Infinity's business enablement focus."

Since it was established in 1943, RDT Pacific has handled more than $10 billion of assets for its clients. Its 60 staff, based throughout New Zealand and Australia, provide clients with fixed asset planning, development, operation, and divestment services.

RDT Pacific is part of the Infinity Solutions business stream, which was formally launched this month after combining IT companies Comtex, Madison and Trilogy. RDT Pacific will remain a separate company trading under its own name with its own board.

"One of the keys to implementing an efficient asset management strategy in business today is being able to offer a "bricks and clicks" solution. Together, RDT Pacific and Infinity Solutions provide a strong base from which such a service can be implemented effectively," Ms Reddy said.

RDT Pacific General Manager - Operations, Greg Lowe said becoming a fully-fledged Infinity Group company was an exciting move.

"With the backing of the Group we are now part of a significant organisation. Being part of Infinity opens up new opportunities for us here and in Australia."

The RDT Pacific acquisition brings to eleven the number of companies partly or fully acquired by Infinity Group since it was launched in May.

ENDS

For more information contact:

Jon Hartley +64 4 381 4130 or Greg Lowe +64 4 472 5226

About Infinity Group www.infinity.co.nz Established in May 2000, Infinity Group brings together, within a clear strategic framework, eleven companies operating in the rapidly growing IT services and business enablement sectors in New Zealand and Australia. Infinity Group has three business streams - Infinity Solutions (created from the amalgamation of Comtex, Madison and Trilogy), Infinity Systems and Infinity Ventures.

Infinity Systems is coordinated as a family of similar but separate businesses, each with their own strategy. It includes high-growth operations in rapidly expanding markets, such as software development, web work and systems and networks integration. Infinity Systems' businesses are Merit Solutions, InfoVista Pty Ltd, Netbyte Internet Ltd, Vista Entertainment Solutions and Quanta Systems Ltd.

The third business stream, Infinity Ventures, currently consists of e-see® International Ltd, which is a web-based brand management and distribution system.

About RDT Pacific www.rdtpacific.co.nz Personnel: 60 Client Base: Public and private sector owners of fixed asset portfolios in the areas of infrastructure, engineering/manufacturing, and property Annual Revenue: $7M Board of Directors: Neil Richardson (Chair), Nigel Gould, Murray McCaw, Nigel Foster, Mike Vandenberg

RDT Pacific enables its customers to get maximum effectiveness from their fixed assets, thereby making fixed assets a positive contributor to their bottom line.

Since 1943, RDT Pacific has been active in handling more than $10 billion of assets for its clients. It services range across all phases of the fixed asset life cycle:

Planning phase Business plan alignment Business case development Feasibility study Strategic asset planning Procurement options Operational phase Asset management planning Supply chain optimisation Property and facilities management Development phase Contracting strategies Project leadership Cost and value management Partnering facilitation Reinvestment phase Facilities rationalisation Redevelopment planning Divestment strategies


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