Receivables management company Collection House has moved into the New Zealand market, with the acquisition of Receivables Management (NZ) Ltd. Collection House will pay A$13.4 million for the company, which it says is a "top three" purchaser of debt ledgers in New Zealand. RML has been operating for more than 30 years and has 95 employees.RML founder Bob Garters will be retained as part of the transaction, along with other management personnel.Collection House chief executive Anthony Rivas said in a statement that the New Zealand debt sale market was "nascent" compared with Australia but he expects it to develop. RML will adopt the Collection House technology platform.RML has around NZ$22 million in expected future recoveries over the next six years. It is expected to generate earnings before interest and tax of around A$2.7 million in 2019/20.Rivas said that following recent restructuring and technology developments at Collection House, the company was looking to accelerate growth and diversification.Last month it announced that it had invested in Volt Corp, the holding company for the newly licensed Volt Bank. Collection House has invested $8.5 million for a 4.5 per cent stake in Volt.The two companies have a strategic alliance that will involve a number of new products over the coming year. Areas of interest include "the digitisation of hardship identification and treatment programs."