Story perspectives

India's Diligent Saves New Zealand Manufacturer from Liquidation

1/19/2026

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Summary

Story summary

New Zealand's Accord Precision Manufacturing was saved from liquidation after India's Diligent purchased the company on December 23, 2025.
Accord previously generated over $30 million in annual revenue.
The company recorded losses of $2.7 million from 2023 to 2025 due to a drop in orders.
Diligent provided $500,000 to support operations during the voluntary administration.
The deal preserves all 45 jobs and ensures continued manufacturing in New Zealand.

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Story summary

New Zealand's Accord Precision Manufacturing was saved from liquidation after India's Diligent purchased the company on December 23, 2025.
Accord previously generated over $30 million in annual revenue.
The company recorded losses of $2.7 million from 2023 to 2025 due to a drop in orders.
Diligent provided $500,000 to support operations during the voluntary administration.
The deal preserves all 45 jobs and ensures continued manufacturing in New Zealand.