NZ Compare is excited to announce the acquisition of the international, data-led, e-commerce comparison shopping business, PriceMe.
We are super excited to announce today the acquisition of the international, data-led, e-commerce comparison shopping business, PriceMe.
PriceMe will complement the existing NZ Compare comparison websites Broadband Compare, Power Compare & Money Compare and our online voucher site FreeVoucherCodes.co.nz. The acquisition will round out our comparison business and allow us to service an expanding client base and reach even more shoppers with the very best offers, deals and promotions.
Commenting on the news, Gavin Male, NZ Compare CEO said; “Whilst last year’s lockdowns and restrictions were challenging for our business and many others, the move into e-commerce comparison for NZ Compare couldn’t come at a better time. The pandemic has rapidly accelerated the growth of online shopping in New Zealand and consumers are now shopping online with greater confidence and becoming increasingly savvy in where, and how, they purchase their goods and services. Local online retailers are performing increasingly well as their expertise and knowledge increases in response to consumer demand. The opportunities are there for us to help Kiwi consumers discover great new products and services from local Kiwi companies by increasing the comparisons offered through PriceMe and NZ Compare.”
PriceMe’s team of ten staff will be joining the NZ Compare team with additional staff planned for early 2022 to drive continued growth and bring better service and offerings to consumers. The PriceMe acquisition brings some enviable client relationships into the NZ Compare fold including Harvey Norman, Farmers, PB Tech and The Warehouse. These clients will be in excellent company alongside NZ Compare’s A-list client base of broadband, power and financial service providers.
“PriceMe couldn’t be in safer hands than with NZ Compare,” said Henrik Johansson, co-founder of PriceMe.
“We began to explore a working relationship with NZ Compare back in 2020 and as conversations progressed it became obvious that a full integration of the two businesses was going to deliver the best result for consumers. NZ Compare’s user centric approach really resonates with what we have built with PriceMe over the last 10 years and we’re thrilled to pass the mantle of PriceMe to Gavin, Alex (CTO) and the NZ Compare team and look forward to seeing how the business develops.”
NZ Compare launched in June 2016 with our award-winning broadband comparison site Broadband Compare before expanding into further vertical markets. Following the acquisition of PriceMe, our enlarged group will maintain over 400 key retailer relationships across power, broadband, retail and finance and we forecast to help more than a million shoppers find the best NZ retailer for them in 2022.
The acquisition brings with it additional operations in a number of APAC countries that will enhance the international expansion plans of the business and gives NZ Compare's parent company Global Compare Group a footprint in a number of overseas territories including Australia, Singapore and the Philippines.