Listed Dunedin company Scott Technology has bought Melbourne
sensory technology company Applied Sorting Technologies Pty
Ltd (AST) for $1.3 million.
Scott, which manufactures assembly lines and meat robotics
and also has numerous mining sector niche markets, announced
the acquisition yesterday.
AST products include include a range of X-ray inspection
products, and applications for the mining and meat processing
sectors, which would complement Scott's current skills and
capabilities, Scott chief executive Chris Hopkins said in a
AST is expected to be immediately earnings-positive for
Scott. It has contracts for a base workload for the next two
years, which can be expanded into the mining and meat
processing sectors, Mr Hopkins said.