One of New Zealand’s most innovative and potentially lucrative inventions has had its future secured following its purchase by New Zealand businessmen Daniel Given and Reon Oak.
Given, the managing director of the Hong Kong-based specialist manufacturing and supply chain management company, Gait International, and Oak, Gait’s director of operations in China, have bought the company behind the innovative Kiwi-designed automatic trailer boat launch and retrieval system, Balex® Automatic Boat Loader (ABL), along with its intellectual property, stock and work in progress.
The pair, who bought the company after it was put into liquidation, will now concentrate on growing the business and realising its undoubted potential, both in New Zealand and overseas.
“We have enormous confidence in the Balex Automatic Boat Loader’s future,” says Given. “It is incredibly well engineered, utilizes the best in high precision components and has already gained remarkable traction in the market.”
“Reon and I only invest in companies that we really believe in and the Balex Automatic Boat Loader is simply far too good to be allowed to fail.”
The new owners were shareholders in Balex following the company’s earlier crowd-funding programme and Gait International had recently taken over the manufacturing and supply chain operations for the Automatic Boat Loader.
Although the pair now spend a lot of their time overseas, they are both passionate New Zealanders who grew up boating, fishing and diving on the North Island’s east coast; Given in Tauranga and the Coromandel and Oak in Hawkes Bay.