Wellington-based Viaduct, a leading  EFTPOS dealer in New Zealand, has acquired Nelson Company Networkz, a move that could pave a way for its movement into the point of sale and cash register market.

Mark Unwin, Director of Viaduct hailed the development, terming it very beneficial for the firm in a long run. The company would now take over the distribution of Casio through the reseller channel in the Nelson/Marlborough region which was till date held by Networkz. The distribution accounts for 40% of the Networkz business.

Unwin added, “This acquisition reflects Viaduct’s strategy of growth while providing Networkz the ability to expand its business regionally and its overall operations. It will also allow us to get into the point of sale and cash register markets.”

Customers in both retail and hospitality would be now able to update the technology through a “stronger end-to-end payment and point of sale solution set”. It would also prove useful for Networkz customers and they can avail 24/7 technical support helpline of Viaduct.