New Zealand automated systems manufacturer Scott Technology has purchased Australian company Machinery Automation and Robotics (MAR) for $13m.
Stuff.co.nz reports that Scott Technology’s chief executive Chris Hopkins told shareholders of the acquisition at the company's annual meeting last week.
The purchase is expected to increase Scott’s annual revenues by about 20 per cent.
''MAR is an established and very successful Australian automation and robotics company that is closely aligned to Scott, with products and markets that are complementary to Scott,'' Hopkins said.
According to the Otago Daily Times, for many years Scott has focused on making assembly line systems.
In recent years, the company has diversified into robotic meat machinery, niche-market machinery for the mining sector, and specialist superconductor motors. It also plans to move into the dairy sector.
MAR currently operates in mining, as well as food production and packaging.
''MAR's strengths in electrical, programming and controls, complements Scott's strengths in mechanical design and vision,'' Hopkins said.
In May this year, Scott purchased RobotWorx, a North American industrial robot integrator for $US5.4m.