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Booster Tahi invests in world-leading transmission components manufacturer

Contributor:
Fuseworks Media
Fuseworks Media

Booster’s investment arm Tahi has today announced a substantial investment into specialised transmission components manufacturer Dodson Motorsport.

Dodson Motorsport, based in Glenfield, Auckland are world leaders in producing aftermarket dual clutch transmission components for high end and performance vehicles such as Lamborghini , Porsche, Mercedes, Audi and BMW.

Dodson’s upgrades to existing transmissions radically improve their reliability and durability,

particularly when under racing conditions. Dodson’s innovative components are now in demand worldwide and with a global distribution network of over 150 dealers and distributors in the United States, Middle East and Asia they are poised for significant expansion and growth.

Booster Tahi, a fund which helps Kiwis’ to invest their savings back into successful New Zealand businesses, will take a 35 per cent share in Dodson Motorsport and representation on its board.

Tahi’s investment signals a diversification of its portfolio into the specialized manufacturing sector, expanding from its existing investments in horticulture and wine production.

Booster Managing Director Allan Yeo says the investment represents a milestone for Booster as it seeks to increase the level of investment back into New Zealand businesses.

"Dodson’s is a great fit for Booster. This is the kind of innovation and inventiveness that embodies everything we stand for and now our members have the opportunity to invest in this company doing unique and world-leading work too," says Mr Yeo.

"By securing this investment, Booster will continue to practice our philosophy of backing New Zealand businesses. New Zealanders collectively had more than $58 billion in their KiwiSaver accounts at the end of March - however, only a fraction of this is being invested back into New Zealand businesses.

"This investment reinforces Booster’s commitment to helping New Zealand businesses fulfil their growth potential and keep them Kiwi owned.

"Dodson’s grew from a small side-gig operating out of the back of an existing vehicle parts and modification business to a global phenomenon whose parts are responsible for several world speed records. These are exactly the type of specialized manufacturing business which leverage off typical Kiwi ingenuity and are areas where NZ businesses can compete successfully in the international market place.

Media Release 24 June 2019

"This investment will enable Dodson’s to expand and relocate to a better, fit for purpose facility, create more jobs in the local community, and increase research and development to bring more products to market in a timely manner.

"We see significant growth potential for Dodson’s supplying international markets from New Zealand.

They are a Kiwi success story and this move will take it a step further with everyday New Zealanders investing in their future growth. New Zealanders investing in New Zealanders - that’s what Booster is all about."

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