Power Equipment Australasia

INFUSION BUSINESS SOFTWARE AND NETVALUE LTD JOIN HANDS Infusion Business Software Ltd and NetValue have announced that they have merged their companies, creating a powerful player in the Australasian accounting software industry. The merger will create new opportunities for innovation and growth, as the combined company leverages the strengths of both organizations as it continues to develop new solutions that address the evolving needs of businesses in the digital age. Infusion Group Ltd is the new company with the merger taking effect from the April 1, 2023. Founded in 1993, Infusion Business Software Ltd is a leading provider of innovative and reliable accounting software solutions to businesses of all sizes throughout New Zealand and Australia. The company is headquartered in Christchurch, New Zealand with support offices in Auckland, Bay of Plenty, South Canterbury, and Cairns. NetValue, established in 2004, is a leading provider of web services, design, development, and infrastructure for cloud-based solutions. The company is headquartered in Hamilton, with a focus on delivering high-quality solutions and excellent customer service. NATIONAL RECONSTRUCTION FUND TO HELP BOOST ADVANCED MANUFACTURING News of the Australian Federal Government’s $15 billion National Reconstruction Fund (NRF) has been welcomed by business leaders across all industries, with the local manufacturing sector in particular set to receive a major boost from the funding. $1 billion has been allocated to the advanced manufacturing sector, with a further $1.5 billion for medical manufacturing and $1 billion for investment in critical technologies such as Artificial Intelligence and robotics, both of which form a core part of advanced manufacturing. “This investment will help to ensure that Australia remains a world-leader in innovation and manufacturing,” said Marie Kinsella, CEO, International Exhibition & Conference Group. Ms Kinsella and the IEC Group are organisers of the Modern Manufacturing Expo, an event that brings together key manufacturing decision-makers and industry-leading suppliers who want to explore advanced manufacturing techniques. “The Modern Manufacturing Expo is uniquely placed to understand the perspectives of both local manufacturers and the government. Our event brings all the key players in the manufacturing sphere together under one roof to strategise and share ideas for moving the industry forward,” she said. The 2023 Modern Manufacturing Expo will take place in Sydney at the Sydney Showground from September 20-21. According to the government’s official release, the NRF will provide finance to projects in priority areas to leverage Australia’s natural and competitive strengths. The funding will be distributed in a number of different forms, including loans, equity investments and guarantees. To ensure that the funding is allocated as efficiently as possible, the government will work closely with industry to develop co-investment plans that identify high-level investment opportunities in the manufacturing sector. “The reality is that while many local manufacturers are interested in moving from traditional to advanced manufacturing techniques, the technologies involved require a significant financial investment that may be prohibitive to smaller manufacturers,” Ms Kinsella said. “We believe that the NRF has the potential to accelerate this transition, by providing the funding necessary to invest in new technology, equipment and processes, as well as to upskill workers. This will help manufacturers to increase their productivity and competitiveness and create new employment opportunities within the sector.” AFPA WELCOMES ROLLOUT OF KEY FORESTRY INITIATIVES The Australian Forest Products Association (AFPA) has welcomed the Albanese Government’s continued support of the forest products sector with the ongoing delivery of key funding commitments in the Federal Budget, Chief Executive Officer of AFPA Joel Fitzgibbon said. The 2023-24 Budget continues the rollout of key forestry initiatives including the National Institute for Forest Products Innovation (NIFPI) and plantation establishment and innovation grants. The Budget also includes $1 billion over four years to strengthen biosecurity. NEWS Federal Government MP Meryl Swanson addressing audience at 2022 Modern Manufacturing Expo 6 | POWER EQUIPMENT AUSTRALASIA | JULY - AUGUST 2023

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