NZ Post sells ECN Group to B2BE

9 August 2012

New Zealand Post Group has today confirmed the sale of wholly-owned subsidiary 'The ECN Group' (ECN) to Australian-headquartered business-solutions company B2BE.

The ECN Group develops and supplies software that supports business-to-business messaging, the management of supply chain systems and integration. ECN's products enable collaboration between supply chain partners, and create real-time supply chain visibility.

New Zealand Post Group's primary areas of focus are New Zealand based postal, courier, financial and digital services. As a consequence it was determined that ECN was no longer a strategic fit for the Group.

B2BE has purchased The ECN Group as a going concern, and officially assumed its new role as owner effective from 8 August 2012.