Pye NZ Ltd was formed in 1951 when Akrad Radio (through GA Wooler) approached Pye Ltd in Cambridge, England to partner with them in developing television here. This also led to a wide range of Pye radio models being introduced to the NZ market.
New Zealand Pye models were often prefixed PZ (presumably for Pye New Zealand) while English models were often just prefixed P, and many Kiwi models were similar to their English counterparts, albeit without the long-wave bands which served no purpose here since nobody was broadcasting on them in this part of the world.
The Pye factory was finally closed in 1986 by Philips, who had bought the parent company in England many years earlier and subsequently took over Pye NZ in 1979. While Philips had repeatedly said they would not close the factory, the governments removal of duties on Asian imports meant that NZ electronics manufacturers could no longer compete in the market and most of the remaining NZ radio manufacturers, including Pye, closed.