Freightways is on the acquisition trail, buying a mail business that could cost up to $6.5 million.
The courier and information company has agreed to buy Dataprint New Zealand, which it says complements its DX Mail business.
The initial debt funded purchase price is $3 million, and another $3.5 million will be paid over three years if Dataprint meets certain performance targets.
Freightways is forecasting revenue of $6 million and operating earnings of $1 million will be generated in the first full year of its ownership.
The company has been bulking up its information business arm recently, buying Australia's Filesaver and the New Zealand operations of Iron Mountain last year.
Freightways shares have risen 3 cents to $3.83 each on Monday.
