Wearable sensor maker StretchSense, a University of Auckland spinout, has been purchased out of administration by an unnamed buyer.
StretchSense, a New Zealand-based wearable sensor manufacturer spun out from University of Auckland, has been sold into new ownership having fallen into administration in July 2019, the New Zealand Herald reported yesterday.
The New Zealand-based buyer was not identified in the report but has reportedly signed an unconditional agreement to purchase StretchSense for an undisclosed sum next week.
The development comes after plans for StretchSense’s acquisition by e-commerce firm StartToday were halted in April 2018, resulting in…
